SEC Archives – The Morning Star News

Dimension Data Nigeria eyes digital infrastructure boost with N20b cash

TheMorning Star3 months ago3 months ago03 mins

The Managing Director of Dimension Data Nigeria, Gbenga Olabiyi, has said the capital raise of N20 billion by the company is focused on long-term value creation in deepening digital infrastructure. “Sustained infrastructure investment is essential to maintaining competitiveness and unlocking future growth. When deployed thoughtfully, infrastructure secures the business, future-proofs operations, and allows efficient scaling…

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SEC prepares to confiscate CBEX’s N1.3tr cash over ponzi scheme

TheMorning Star6 months ago6 months ago02 mins

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other defendants alleged to have operated an unlawful digital asset investment scheme that defrauded Nigerians of an estimated N1.3 trillion. The request was made during the…

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SEC engaging emerging technologies for regulatory frameworks

TheMorning Star10 months ago10 months ago03 mins

The Securities and Exchange Commission (SEC) is actively engaging with emerging technologies and digital innovators to craft regulatory frameworks that support capital market innovation without compromising investor protection, its Director-General, Dr. Emomotimi Agama, has said. Delivering the keynote at the Comercio Partners H2 2025 Outlook event, Dr. Agama said Nigeria, like many countries, stands at…

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Nigeria seeks new dispute resolution mechanism for capital market

TheMorning Star11 months ago11 months ago04 mins

The Federal Government has urged the judiciary to develop new approaches to resolving disputes within Nigeria’s capital market, describing the market as more than a simple trading platform but a critical pillar for economic transformation. Vice President Senator Kashim Shettima, represented by Dr. Tope Fasua, Special Adviser to the President on Economic Affairs, made the…

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SEC: CBEX remains banned in Nigeria as promoters seek court bail from EFCC custody

TheMorning Star12 months ago12 months ago06 mins

The Securities and Exchange Commission (SEC) has reiterated its ban on the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., in Nigeria. This is as the promoters of the platform are seeking for court bail from the custody of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC)….

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Blockchain.com to open Nigeria office as crypto regulations firm up

TheMorning Star1 year ago1 year ago02 mins

A UK-based company that allows users to buy, sell, and trade cryptocurrencies, Blockchain.com, plans to open a physical office in Nigeria in Q2 2025 and expand into Ghana, Kenya, and South Africa. The move, first reported by Bloomberg, marks a significant push into African markets amid growing regulatory clarity across the continent. The Nigeria expansion…

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SEC warns public against ponzi schemes

TheMorning Star1 year ago1 year ago03 mins

The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms. This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…

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SEC reduces time for companies to raise capital from over 12 months to 14 days

TheMorning Star1 year ago1 year ago03 mins

Nigeria’s Securities and Exchange Commission (SEC) has reduced the time required for companies to secure approval to raise capital in the Nigerian capital market, cutting the process from over a year to just 14 days. This development aims to make the capital market more efficient and better positioned to support the growth and development of…

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Nigeria lenders raise N2.2tr via capital market in 2024, says SEC

TheMorning Star1 year ago1 year ago03 mins

Nigeria’s capital market regulator, the Securities and Exchange Commission (SEC) said banks in the country raised N2.2 trillion from the capital market in 2024 to meet the Central Bank of Nigeria’s (CBN) new recapitalization requirements. It would be recalled that in November 2024, the SEC announced that banks had raised N1.7 trillion from the capital…

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