ISB proposes N20m fine for Ponzi scheme operators …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 is proposing a penalty of not less than N20 million or 10 years imprisonment or both for Ponzi scheme operators. The Director-General of SEC, Dr Emomotimi Agama, said this … Read more
Why we approved crypto exchanges – SEC …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) on Wednesday, explained that it granted approval-in-principle to two crypto exchanges recently to give Nigerian youths the opportunity for capital market participation. NAN reports that SEC, on Thursday, granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to … Read more
SEC officially accepts two cryptocurrency firms to operate in Nigeria …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC), has officially granted operational approvals to several crypto operators, indicating an acceptance of the digital currency. On Thursday, the SEC announced that it had granted approval-in-principle to two Digital Asset Exchanges to begin operations under … Read more
Two cryptocurrency firms granted approval to operate in Nigeria …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) has granted two digital assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP). Ms Efe Ebelo, the spokesperson of the commission announced this in a statement on Thursday in Lagos. According to … Read more