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SEC

AVA Infrastructure Series 1 Fund’s 4,075 units were listed on the main board of NGX at N1 million each as a closed-end Fund and naira-denominated unit trust scheme.
 The Securities and Exchange Commission (SEC) has announced new rules on issuance and allotment of private companies’ securities  
The experts believe the stance of the banking regulator opened the doors for bad actors, who were involved in currency manipulation through crypto trading.
Tantalizers Plc successfully raised an estimated N1.07 billion through a private placement, as the fast food chain continues its restructuring plans.
The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is advocating for a new cryptocurrency measure that aims to remove the naira as a currency pair from cryptocurrency peer-to-peer platforms.
A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry.
BICCON is putting together a roundtable with International and local crypto exchanges and the new director general of the Nigerian Securities and Exchange Commission (SEC) to find a middle ground on the status of crypto in the country.
The Chairman of Dangote Sugar Plc, Alhaji Aliko Dangote, says the company plans to end the importation of sugar in the next four years going by efforts in its backward integration policy.  
Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and Nascon Allied Industries plc for the time being.
The operators commended President Bola Tinubu for the appointment of Dr Emomotimi Agama as the Director-General designate for the SEC.
The company will also seek shareholders’ approval that the company's Memorandum and Articles of Association (MemArts) will be modified to allow for a share buyback and share capital reduction.
Nigerian mutual funds recorded average return of 10.76% in the first quarter of 2024, largely driven by the 30.89% yield printed by ethical funds during the period.