Nigerian stock market moves to faster one-day settlement cycle
Nigeria's capital market officially moves to one-day settlement starting June 1, 2026.
SEC Warns Nigerians Against Marino FX Limited, Labels Claims as False
The Securities and Exchange Commission (SEC) has issued a stern warning to the public, advising against engaging in any business...
NCC Partners with CBN, SEC to Strengthen Nigeria’s Fintech Regulatory Framework
The Nigerian Communications Commission (NCC), in collaboration with the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission...
PZ Cussons Explores Partial or Full Sale of African Subsidiaries Amid Naira Depreciation
PZ Cussons, the multinational consumer goods company and parent company of PZ Cussons Nigeria, has announced plans to sell either...
Roku to Lay Off 200 Employees in Second Round of Job Cuts to Reduce Expenses
Streaming device maker Roku is laying off around 200 employees, or 6% of its workforce, as part of a plan to reduce operating expenses and prioritize high return-on-investment projects. The company will incur approximately $30 to $35 million in non-recurring charges related to severance costs, notice pay, and other related costs related to the exit and sublease of certain office space. This is the second round of layoffs for Roku, which had laid off 200 U.S. employees in November 2021. Roku beat its own revenue expectations in its Q4 2022 earnings, reporting $867.1 million in total net revenue and 70 million active accounts worldwide.
Korean Financial Authorities Investigate Crypto Staking Services Market Following SEC’s Kraken Settlement
On February 15, a local publication reported that Korean financial authorities are currently investigating the staking services market. This comes...
CBN Makes U-turn On Crypto Ban, Plans Regulatory Policy For Usage
CBN appears to have reversed its ban on cryptocurrencies in the country as it disclosed plans to set up a regulatory framework for its use.
Reps Grills Accountant General Over 25% Of N6bn SEC Revenue
The House of Representatives Committee on Finance interrogated the office of the Accountant General for failing to provide evidence of 25 per cent of N6 billion generated by the Securities Exchange Commission in 2020.
SEC Approves Neimeth’s Request To Extend N3.67bn Rights Issue By 15 Days
The Securities and Exchange Commission (SEC) has approved the request by Neimeth International Pharmaceuticals Plc to extend its N3.7 billion worth of rights of issue by 15 days.
SEC Cautions Investors Against Unregistered Crowdfunding Platforms
The Securities and Exchange Commission has warned investors against patronising unregistered crowdfunding platforms.
AfDB, SEC Sign $460,000 Capital Market Surveillance Deal
Nigeria's Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for a grant worth $460,000 on a market surveillance system project.
SEC Announces Unique Identifier For Capital Market; NBS Says Subsidy Hits 45% Of Fuel Import Bill In Q1, 2022; Nigeria’s Foreign Reserves Fall By 5% As South Africa Records Huge Increase
The Securities and Exchange Commission has announced that capital market operators will get unique identifiers to curb fraud in the...