Mr Lamido Yuguda, DG of SEC, stated that the purpose of the fund is to help Nigeria's economic recovery from the pandemic.
The recent move has generated diverse views from stakeholders with some critics classifying this action as irrational.
In the spirit of progressive engagement and dialogue, many voices now suggest that the SEC take a fresh look at its latest position.
The Securities and Exchange Commission. has tagged the operations of some Nigerian fintech platforms as illegal.
The AfDB has signed a $400, 000 grant with Nigeria's SEC to strengthen securities market regulation.
The legal battle between Oando Plc and the SEC continues as the former has appealed the recent court ruling.
SEC Nigeria recently published new rules intended to regulate crowdfunding.
The SEC is strategically collaborating with the Standards Organization of Nigeria towards promoting the commodities trading ecosystem.
As at the end of 2019, the total value of unclaimed dividends stood at 158.44bn.
SEC has declared the activities of Famzhi Interbiz Limited illegal as neither the company nor its products are registered by the Commission.