The Securities and Exchange Commission (SEC) has flagged Glorious Wealth Fund (GWF) as a fraudulent and unlicensed online investment platform. The commission raised the alarm in a statement on Thursday, December 4, warning Nigerians against transacting with the platform. “The attention of the Securities and Exchange Commission (SEC) Nigeria has been drawn to the activities …
The Securities and Exchange Commission has urged financial sector stakeholders to maintain a culture of compliance to safeguard Nigeria’s position in the global financial system, cautioning that the country's exit from the Financial Action Task Force (FATF) grey list should not be seen as the end of the journey. The SEC Director-General, Emomotimi Agama, gave …
BlackRock, the world’s largest asset manager with $13.5 trillion in assets, is expanding its Ethereum lineup. On November 19, 2025, the firm registered a new staked Ethereum exchange-traded fund (ETF) in Delaware, the first step toward a product that pays investors 3.95% annual staking rewards on top of ETH price gains. This means Ethereum that …
The Securities and Exchange Commission (SEC) said it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop a robust non-interest mortgage (NIM) ecosystem to tackle the country’s housing deficit. The partnership was unveiled at a high-level meeting in Abuja on Friday, November 14. It seeks to create and regulate viable, Sharia-compliant financing …
The Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, to align with global best practices and enhance market efficiency. The Securities and Exchange Commission (SEC) announced this in a statement by its Head of External Relations, Efe Ebelo, on Thursday, November 13. According to …
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have lost an estimated N300.2 billion to Ponzi and illegal investment schemes in recent years, sparking intensified enforcement and heightened investor-protection efforts. AbdulRasheed Dan-Abu, Head of Fintech and Innovation at the SEC, revealed the figure during the Commission’s 2025 Journalists Academy in Abuja on Thursday. …
A former director-general of the Securities and Exchange Commission (SEC), Arunma Oteh, has called for urgent action to mobilise long-term capital, accelerate infrastructure development, and decentralise the management of Nigeria’s mineral resources to unlock sustainable growth. She made the call at the Oxford Global Think Tank Leadership Conference on Tuesday, October 28 in Abuja. Oteh, …
The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria’s removal from the Financial Action Task Force (FATF) grey list will boost investors' confidence in the capital market. SEC's Director General, Emomotimi Agama, stated this on Channels Television’s Morning Brief on Monday, October 27. He described the country’s exit from the global watchlist as a …
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has asked stockbrokers to do more to promote the Nigerian capital market's sustainability. He gave the charge at the 2025 Annual Conference of the Chartered Institute of Stockbrokers (CIS) in Abuja. He pointed out that stockbrokers and other market operators have a critical …
The Securities and Exchange Commission (SEC) has urged stockbrokers to uphold the highest level of professionalism and ethical conduct at all times to ensure a fair and transparent market. Director General of SEC, Emomotimi Agama, made the call at the weekend during the 29th annual conference of the Chartered Institute of Stockbrokers in Abuja. He …
