The Commission granted Glacier Media access, stating that section 19 of the Securities Regulation requires that hearings before the Commission be open to the public unless a public hearing would be unduly prejudicial to a party or witness. One of her greatest challenges is archaic business laws. Formerly called the Capital Issues Commission, SEC was established by SEC Act of 27th September, 1979 which was further strengthened by the SEC Decree No. Securities and Exchange Commission Nigeria. Moreover, it is the most populous country on the continent. The Nigerian securities watchdog has officially recognized digital assets. The Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC) has warned that the country is on the verge of a second wave of the COVID-19 pandemic. 29 of 1998. | The Securities and Exchange Commission (SEC), Nigeria is the apex regulatory authority of the Nigerian capital market. Our full service contact center is available to attend to all your enquiries. The Securities and Exchange Commission, Nigeria, like other exchange commissions elsewhere, regulates the operation of capital market transactions, ensuring that companies complies with the relevant rules. Under Nigerian law, the Securities and Exchange Commission is the apex regulator of securities. Trading in Nigeria. Experience Premium Brokerage Services Coronation Securities Limited introduces a remodelled Online trading portal that enables you execute trades in real-time on the Nigerian Stock Exchange. SEC is the apex regulatory organ of the capital market. The Commission has evolved over time having started with the establishment of the Capital Issues Committee in 1962 by the government as an essential arm of the Central Bank of Nigeria. All physical meetings and visits to the Commission are hereby suspended until further notice. This is aimed at supporting the country’s economic growth amid the devastating effect of the COVID-19 crisis and fallen oil prices. The Securities and Exchange Commission (SEC), Nigeria is the apex regulatory institution of the Nigerian capital market supervised by the Federal Ministry of Finance. HEADQUARTERS. Securities and Exchange Commission (Nigeria) SRO Self-Regulatory Organization . The Securities and Exchange Commission (“SEC” or “the Commission”) issued an official statement (“the Statement”) on 14 September 2020 on the classification and treatment of Digital Assets (crypto assets such as crypto currencies and tokens). Public companies are advised to take appropriate precautionary measures as recommended by the Federal and State Governments as well as the NCDC to ensure the safety of shareholders and participants at Annual General Meetings/Extra-Ordinary General Meetings and other meetings which may be held during the prevalence of the pandemic. The commission is mandated to determine the price of all securities issued in the country involving all public enterprises or private companies with alien ownership interest. Capital Market Operators and other stakeholders are encouraged to conduct meetings and other engagements virtually. The Commission had more powers to regulate and develop the Nigerian capital market, in addition to determining the prices of issues and setting the basis for allotment of securities. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT. If so, t… The exchange is overseen by Nigeria’s financial regulator, the Securities and Exchange Commission (SEC), Nigeria. All enquiries should be made to the Commission at sec@sec.gov.ng , 09-4621100 and 09-4621168 or at our various social media accounts as listed below: The regulatory framework for securities markets in Nigeria has improved markedly since the 2002 FSAP, and particularly in the last five years. central securities depository in Africa. Sec Towers,Samuel Adesujo Ademulegun Street,Plot 272,Abuja. Securities and Exchange Commission Nigeria. By the provisions of the FCCPA however, the Federal Competition and Consumer Protection Commission ("the Commission") took over the regulation of mergers and acquisitions from … The commission is now chartered by the Investments and Securities Act No 45 of 1999. The. The business of capital formation and mobilisation is at the root of economic development, which is why every economy wants to develop its capital market. The Securities and Exchange Commission (“SEC” or “the Commission”) issued an official statement (“the Statement”) on 14 September 2020 on the classification and treatment of Digital Assets (crypto assets such as crypto currencies and tokens). The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. Nigeria’s Securities and Exchange Commission has announced that it will create a clear regulatory framework for trade in digital currencies to protect investors’ interests and to ensure transparent transactions. Prior to the passage of the FCCPA in 2019, the Investment and Securities Act (ISA) 2007 and the Securities and Exchange Commission Rules and Regulations 2013 (SEC Rules) governed mergers and acquisitions in Nigeria. Our culture is built on a core system of values which are pivotal to the actualization of our mission and sustenance of our vision. When Musa Al-Faki, a stockbroker, was installed Director General in 2004, many thought his appointment had been engineered by Ndi Okereke-Onyiuke, head of the Nigerian Stock Exchange. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Watch videos on Dematerialization, Direct Cash Payment, E-Dividend, identifying  Ponzi Schemes etc. © Copyright 2019, Securities & Exchange Commission, Nigeria. Power of Commission to prohibit trading in particular securities. The Securities and Exchange Commission has successfully commenced recruitment intake for 2021 session applicants. Rules Relating to the Complaints Management Framework of the Nigerian Capital Market February 12, 2015 71 of 1979. pending applications and requests by CMOs for update of information. 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