Nigeria has become a prime target for Ponzi schemes, resulting in millions of unsuspecting investors losing their life savings in a cycle of financial deceit and broken promises. From digital platforms to agriculture-based investments, these fraudulent schemes continue to exploit the desire for quick returns, particularly in a country facing significant economic challenges. Here, we…
The Securities and Exchange Commission (SEC) has urged Capital Market Operators (CMOs) to renew their registrations by January 31, 2025. A circular from the commission outlines that the annual registration renewal period will run from January 1 to January 31, 2025. This initiative is designed to ensure that only qualified individuals operate within the Nigerian…
President Bola Tinubu has appointed new boards and managements for the country’s apex capital market regulator, Securities and Exchange Commission (SEC) and the insurance sector regulator, National Insurance Commission (NAICOM). The new board and management of SEC included Mr. Mairiga Katuka, Chairman; Mr. Emomotimi Agama, Director-General; Frana Chukwuogor, Executive Commissioner, Legal and Enforcement; Mr. Bola…
