To address funding gaps for the over 40 million small businesses, the Securities and Exchange Commission (SEC) said it has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to improve access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market. The …
Nigeria’s non-interest capital market has grown to a valuation of over ₦1.6 trillion, according to the Securities and Exchange Commission (SEC). Its Director-General, Emomotimi Agama, hinted at this during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to be held in Lagos on November 4 …
The Central Bank of Nigeria (CBN) Olayemi Cardoso said the apex bank is collaborating with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital currencies in the country. He spoke on this at the CBN governor’s annual lecture series at the Lagos Business School (LBS) on Friday, October 3. According to …
The Securities and Exchange Commission (SEC) has raised the alarm over the rising wave of artificial intelligence (AI)-driven scams targeting unsuspecting investors with promises of guaranteed profits. It gave the warning in a statement on Sunday, September 28, by its head of external relations, Efe Ebelo. The SEC recalled that platforms such as CBEX, Silverkuun, …
The U.S. cryptocurrency market is bracing for a surge of new exchange-traded funds (ETFs) after regulators streamlined approval standards, reducing hurdles for issuers. The U.S. Securities and Exchange Commission (SEC) last week approved new listing standards that allow crypto ETFs meeting predetermined requirements to launch without lengthy, case-by-case reviews. Approval timelines have decreased to as …
Nigeria’s push into digital finance is under scrutiny as doubts grow about the credibility of the country’s flagship stablecoin, the cNGN. Promoted as Africa’s gateway to global crypto adoption, the project now faces tough questions about reserves, adoption, and sovereignty. cNGN’s last attested report showed about 298 million tokens in circulation as of June. By …
Wema Bank Plc said it has received approval from the Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) for the successful completion of its N150 billion rights issue. The bank announced this in a statement seen by Pinnacle Daily on Thursday, September 11. The offer, which opened on April 14 this year …
The Securities and Exchange Commission (SEC) has advised graduating Cadets of the Nigerian Defence Academy (NDA) to explore the various investment opportunities available in the capital market to create wealth. Director General of the Commission, Emomotimi Agama, gave this advice at the 23rd Convocation Lecture in honour of graduating cadets of 72 Regular Course and …
By Esther Ososanya U.S. President Donald Trump is set to sign an executive order Thursday that will pave the way for Americans to invest in alternative assets, including private equity, real estate, and cryptocurrency, through their 401(k) retirement plans, according to a senior White House official. The move could unlock access to the $12 trillion …
The Securities and Exchange Commission (SEC) has declared invalid the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc, reportedly held on July 25, 2025, stating that all resolutions passed during the meeting are null and void. In a public notice, the Commission criticised actions taken by certain majority shareholders who …
