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Tag: The Securities and Exchange Commission (SEC)

SEC says promoters of ponzi scheme will be liable to a penalty of N20m or 10 years jail term or both under the new ISA 2025.

Business

Ponzi operators risk 10-year jail term, N20m fine – SEC

Thr Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is one of the provisions of…
SEC says promoters of ponzi scheme will be liable to a penalty of N20m or 10 years jail term or both under the new ISA 2025.

Business

Shun schemes that offer unreasonable high returns – SEC urges women

The Commission said the theme of the day with activities to be marked by the Commission would be ‘Women: The…
The Securities and Exchange Commission (SEC) has warned Risevest (Victoria Island) Cooperative Multipurpose Society Ltd. and Stecs (Alausa) Multipurpose Cooperative Society are not registered and therefore, not authorised to operate in the capital market.

Business

SEC warns against transactions with Risevest, Stecs Cooperative Societies

In a circular issued on Sunday, SEC clarified that neither entity is registered or authorised to operate within the Nigerian…
The Securities and Exchange Commission (SEC) has warned Risevest (Victoria Island) Cooperative Multipurpose Society Ltd. and Stecs (Alausa) Multipurpose Cooperative Society are not registered and therefore, not authorised to operate in the capital market.

News

SEC to intensify crackdown on Ponzi schemes

“More so, when we have a plethora of commodities all over Nigeria. SEC as a partner in development will make…
The Securities and Exchange Commission (SEC) has warned Risevest (Victoria Island) Cooperative Multipurpose Society Ltd. and Stecs (Alausa) Multipurpose Cooperative Society are not registered and therefore, not authorised to operate in the capital market.

Business

Fintech: No investor will lose funds, SEC assures

“The future of investment in Nigeria will likely be driven by the continued rise of technology, young investors, and evolving…

News

SEC dissolves Ikeja hotels board over lingering issues

The Securities and Exchange Commission (SEC) has announced the dissolution of the Board of Ikeja Hotels Plc due to unresolved…
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