Wema Bank Plc has approved plans to raise additional N200 billion in combination of Rights & Special Placement to complete Central Bank of Nigeria (CBN) recapitalization requirement. The bank which pioneered Africas first fully digital bank, ALAT, said it will be completing its capital raise through a combination of a Rights issue and Special placement…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to eliminating Ponzi and pyramid schemes in Nigeria, aiming to create a conducive environment for legitimate investments to flourish this year. In a New Year address to the capital market community, SEC’s Director-General, Dr Emomotimi Agama, outlined the commission’s strategic focus for the year. He…
The Nigerian crypto landscape is fast evolving with the country becoming the second globally in adoption. This adoption comes with huge potential for economic growth. Co-founder and Chief Executive Officer of Quidax, Buchi Okoro, speaks on digital assets and crypto industry in Nigeria, the new regulatory frameworks of the Security and Exchange Commission (SEC) and…
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has warned the public against conducting any business with Marino FX Limited. According to the Commission, Marino FX Limited, which claims to be a SEC-licensed cryptocurrency exchange, is neither registered nor authorized to operate in the Nigerian capital market. In a notice by SEC…
Nigeria’s Securities and Exchange Commission (SEC) said over N2.7 trillion has been raised in the capital market by banks and other companies with approximately N1.7 trillion raised by banks in onging recapitalisation exercises. Director-General of SEC, Dr. Emomotimi Agama, disclosed this to reporters during the 2024 SEC Journalists Academy with: “Fintech: Leveraging Technology to Drive…
