1. Applicability
(1) These Rules shall apply throughout Nigeria and to all persons engaging in or offering online forex trading services to residents of Nigeria, whether using a platform or medium incorporated domestically or operate from outside Nigeria while targeting Nigerian residents.
(2) These Rules shall apply to the following categories
CIRCULAR TO ALL CAPITAL MARKET REGULATED ENTITIES
IMPLEMENTATION OF FATF STATEMENTS ON HIGH-RISK JURISDICTIONS SUBJECT TO A CALL FOR ACTION AND JURISDICTIONS UNDER INCREASED MONITORING
The Financial Action Task Force (FATF), at its February 2026 Plenary Session, issued updated statements identifying jurisdictions that pose significant money laundering, terrorist fi
CIRCULAR TO ALL CAPITAL MARKET REGULATED ENTITIES
NOTICE OF SANCTIONS
The United States Government has named a Nigerian citizen and three Nigerian companies among individuals and businesses newly sanctioned for facilitating financial transactions linked to the Islamic State of Iraq and Syria (ISIS) and ISIS-West Africa. The individual and entities named in the new s
The Securities and Exchange Commission (SEC) Nigeria, hereby invites suitably qualified and experienced event management firms to submit Expressions of Interest (EOI) for the provision of comprehensive event management and coordination services for the 2027 International Organization of Securities Commissions (IOSCO) Africa/Middle East Regional Committee (AMERC) Meeting scheduled to be hosted in Lagos, Nigeria.
CIRCULAR TO ALL CAPITAL MARKET REGULATED ENTITIES
NOTICE OF SANCTIONS:
Designation Of Individuals And Entities By The Nigeria Sanctions Committee (NSC)
In line with the provisions of the Terrorism Prevention and Prohibition Act (TPPA), 2022, the Nigeria Sanctions Committee (NSC) has designated six (6) Individuals and three (3)
CIRCULAR
TO ALL CAPITAL MARKET OPERATORS AND OTHER MARKET PARTICIPANTS
CLARIFICATION ON THE IMPLEMENTATION OF THE T+1 SETTLEMENT CYCLE IN THE NIGERIAN CAPITAL MARKET
The Securities and Exchange Commission (“the Commission”), hereby issues this Circular as an update to the earlier Circulars on “the
The Securities and Exchange Commission (“the Commission”) is pleased to inform the public, and in particular all Capital Market Operators (CMOs), that as part of its ongoing digital transformation initiatives to enhance regulatory efficiency, transparency, and service delivery, it will commence full Electronic Registration (e-Registration) through the Commission’s ePortal in respect of th
To: All Registrars, Brokers/Dealers, Fund Managers and Other Relevant Capital Market Operators
The Securities and Exchange Commission (SEC) hereby reminds all relevant Capital Market Operators of their obligation to submit Q2 2026 Ownership Structure and Capital Flows Returns in support of the compilation of Nigeria's Balance of Payments (BOP) and International Investment Position (IIP) statistics.<
The Securities and Exchange Commission (“the Commission” or “SEC”) has cleared 2 additional VASP’s for admission into its Accelerated Regulatory Incubation Programme (ARIP), reinforcing its commitment to fostering responsible innovation that deepens Nigeria’s capital market while safeguarding investor interests. The newly admitted entities are:
- GIGX Technologies
- KuCoin
All comments should be forwarded to the Secretariat, Rules Committee via rulescommittee@sec.gov.ng or through the DG SEC not later than two weeks from the date of exposure.
The Securities and Exchange Commission (“the Commission” or “SEC”) has cleared seven (7) new entities for admission into its Accelerated Regulatory Incubation Programme (ARIP), reinforcing its commitment to fostering responsible innovation that deepens Nigeria’s capital market while safeguarding investor interests. The newly admitted entities are:
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The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the various advertisements, flyers, digital banners, and targeted electronic mail being circulated on social media platforms and digital investment channels concerning a purported securities offering by Dangote Petroleum Refinery & Petrochemicals FZE (“the Refinery”).
Further to the recent circular on Q2 2026 Pre-Registration Training and Examination (the circular), the Securities and Exchange Commission (the Commission) hereby informs all eligible applicants for the Q2 2026 Pre-Registration Training and Examination that the commencement da
The Securities and Exchange Commission (the Commission) hereby notifies all applicants for registration as Capital Market Operators that the next cycle of the pre-registration training and examination is scheduled to commence on Monday, June 8, 2026.
Eligible applicants are as follows:
i. Applicants who were invited but did not attend the pre-registration training
Further to the successful implementation of the T+2 settlement cycle on November 28, 2025, and in furtherance of its mandate to promote an efficient, fair, and transparent capital market, the Securities and Exchange Commission (“the Commission”) hereby announces the transition to a T+1 settlement cycle for equities and commodities transactions cleared and settled by the Central Securities Clearing System (CSCS), with effect from Monda
The Securities and Exchange Commission (SEC) is empowered under Section 3(3)(m) and (n) of the Investments and Securities Act, (ISA) 2025, to register and regulate entities operating within the commodities trading ecosystem. To give effect to these provisions, the Commission has made Rules on Commodity Exchanges and Trading Platforms; Warehouse Receipt Systems; Collateral Management and Warehousing Operations which can be acces
The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the increasing promotion of unregistered online investment schemes on social media applications and websites, including WhatsApp, Instagram, Telegram, Facebook, TikTok and other digital platforms.
Many of these investment schemes exhibit characteristics of Ponzi or Prohibited investment schemes, while some