…convicted 21 companies for operating investment schemes without valid licences from the Securities and Exchange CommissionThe EFCC prosecuted the companies under Section 57(1) of the Banks and Other Financial Institutions Act, 2020, after they evaded interrogation for over five yearsEach convicted company faces a N30 m…

…for allegedly operating financial investment businesses without valid licences from the Securities and Exchange Commission, SEC. Justice Anyalewa Onoja-Alapa convicted the companies after they were arraigned by the Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on September 15 and 16, 20…

The Securities and Exchange Commission has approved the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at ₦525 each. The offer could raise approximately ₦2.15tn if fully subscribed, according to a statement issued by the Dangote Gr…

…that it collaborates with the Central Bank of Nigeria, National Insurance Commission, Securities and Exchange Commission and the Special Control Unit Against Money Laundering to ensure that reporting entities comply with applicable regulations. Deposit Money Banks accounted for the bulk of STR filings, submitting 38,71…

…soon have the opportunity to become shareholders in Dangote Petroleum Refinery as the Securities and Exchange Commission (SEC) has received an application for a potential $5 billion initial public offering (IPO) by the multibillion-dollar refinery. The post SEC receives $5bn Dangote Refinery IPO application, Nigerians…

…in-depth knowledge of the Nigerian economy, stocks, and general market trends.Nigeria's Securities and Exchange Commission (SEC) has directed all capital market operators to immediately freeze funds and assets connected to six individuals and three companies that the country's Sanctions Committee has flagged as terrori…

…covering technology, energy, stocks, investment, and the economy for over a decade.The Securities and Exchange Commission (SEC) has unveiled a new initiative to help families recover unclaimed dividends, dormant investment accounts and other capital market assets belonging to deceased investors.The initiative is design…

Dangote Petroleum Refinery formally submitted an IPO application to Nigeria's Securities and Exchange CommissionThe SEC director-general said the regulator sees no obstacles that should prevent the planned September listing from going aheadThe application comes days after the refinery closed a $2.5 billion private plac…

…hearing performance “abysmal.” Republicans defended Clayton’s record as chairman of the Securities and Exchange Commission during Trump’s first term and, more recently, as US attorney for the Southern District of New York. Senate Majority Leader John Thune, a Republican, said Clayton’s experience fighting financial cri…

…enthusiasm surrounding the planned share sale briefly slowed in late June after the Securities and Exchange Commission (SEC) ordered the suspension of promotional activities linked to an unauthorised public offering associated with the refinery.Dangote Secures $2.5bn in Private Placement Ahead of Historic Refinery IPO,…

…Council chaired by the Central Bank of Nigeria, with the Nigeria Revenue Service and the Securities and Exchange Commission as vice-chairs, alongside the Nigerian Financial Intelligence Unit and the Office of the National Security Adviser as members. The council will provide policy direction, promote synergy among the…

…Frontier Market status. The development follows a series of reforms spearheaded by the Securities and Exchange Commission (SEC), alongside the Nigerian Exchange Group (NGX Group), Central Securities Clearing System (CSCS), and other capital market stakeholders.The reforms are aimed at strengthening investor protection,…

…comes as Nigeria's capital market continues to implement wide-ranging reforms led by the Securities and Exchange Commission (SEC), in collaboration with Nigerian Exchange Group (NGX Group), Central Securities Clearing System (CSCS) and other market stakeholders. These reforms have focused on strengthening investor prot…

…TAE would receive $200 million plus another $100 million upon filing paperwork with the Securities and Exchange Commission. TAE CEO Michl Binderbauer will serve as co-CEO of the combined company alongside Devin Nunes, who had been sole CEO of Trump Media. The fusion startup had previously raised $150 million in June fr…