Eight celebrities, including Lindsay Lohan and Jake Paul, have been charged by US regulators with participating in an illegal crypto scheme. The stars allegedly used their social platforms to boost two crypto tokens without disclosing they were paid to promote…
Capital market’s unclaimed dividends hit N177b – SEC
The Securities and Exchange Commission, on Friday, announced that the unclaimed dividends at Nigeria’s capital market so far computed increased from N168bn in 2020 to N177bn in 2021. Director-General, SEC, Lamido Yuguda, disclosed this in Abuja while speaking on some…
Elon Musk terminates attempt to buy Twitter, citing ‘multiple’ problems
Elon Musk has terminated his attempt to buy Twitter, citing multiple problems with the deal. Mr Musk’s lawyers accused Twitter of having misled him about the nature of the company and the deal. Twitter “appears to have made false and…
SEC, SON collaborate on commodities standards
The Securities and Exchange Commission (SEC) and the Standards Organisation of Nigeria (SON) are set to take their collaboration on Commodities Trading Ecosystem a step further with the hosting of a Commodities Standards Sensitisation Workshop. The workshop scheduled for November…
I-invest: Securing investment opportunities for Nigerians
I-invest, a first-of-its-kind mobile application, has provided a secure and safe platform for millions of Nigerians at home and in the diaspora to invest in and secure their future. This, according to a statement, is in line with the Central…
*Lagos seals bars, nightclubs for flouting COVID-19 order (Guardian) *CACOVID donates 150-bed isolation facility to Lagos (Tribune)
Lagos seals bars, nightclubs for flouting COVID-19 order (Guardian) The Lagos State government, at the weekend, sealed various lounges, bars, spas and nightclubs across the state for flouting the governor’s order on closure of social clubs in a bid to…
Beware of Loom ponzi scheme, SEC warns Nigerians (Nation)
The Securities and Exchange Commission (SEC) has raised the alarm over the activities of some fraudsters currently running an online investment scheme tagged ‘Loom Money Nigeria’. Loom Money Nigeria is taking over social media by targeting young people to participate…
Illegal shares sale: SEC to sanction erring company secretaries (Punch)
The Securities and Exchange Commission (SEC) has said it will sanction company secretaries involved in selling or aiding the trade of shares of unlisted companies on platforms that are not recognised by the commission. The acting Director-General, SEC, Ms Mary…
Access Bank to issue first Green Bond in Africa worth N15bn
Access Bank Plc has concluded plans to issue the first corporate Green Bond in Africa worth N15 billion following the approval of its Book Build request by the Securities and Exchange Commission (SEC). Specifically earmarked to be used for climate…
SFS Fixed Income Fund affirmed “AA(f)” rating by DataPro
SFS Fixed Income Fund (“the Fund” or “SFS FIF”) has been affirmed a rating of “AA(f)” by DataPro Limited, a leading and experienced credit rating and compliance consulting firm in Nigeria. According to DataPro, the long term rating of “AA(f)”…