Nigeria: Securities

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Article
Borrowing From The Unclaimed: An Examination Of The Legality Of Diverting The Unclaimed Funds Trust Fund To Finance Government Loan Schemes In Nigeria
A pattern is emerging, one where private-owned monies are being diverted for public borrowing without the notice or express consent of the legal owners. In August 2026, President Bola Tinubu proposed the use of unclaimed dividends and dormant accounts funds to fund the Nigerian Education Loan Fund (“NELFUND”). Dr. Maruf Alausa, the Minister of Education, informed the public that cross ministerial efforts have commenced between the Ministries of Education, Finance and office of the Attorney-General of the Federation towards removing legal hurdles and operationalising this directive.2
Nigeria Finance
SA
S.P.A. Ajibade & Co.
Article
Forex Trading In Nigeria: The Implications Of Sec Proposed Rules On Online Forex Trading For Technology And Platform Providers
Nigeria's Securities and Exchange Commission has proposed comprehensive rules for online Forex trading and Contracts for Difference (CFDs), establishing a regulatory framework that extends beyond brokers to encompass technology and platform providers. The proposed regulations introduce stringent capital requirements, operational standards, and compliance obligations for businesses providing trading infrastructure, raising critical questions about registration, data localization
Nigeria Finance
PL
Pavestones Legal
Article
NIGERIA’S EVOLVING DIGITAL ASSET ECOSYSTEM: EXAMINING THE SECURITY AND EXCHANGE COMMISSION’s (SEC) PROPOSED COMPREHENSIVE FRAMEWORK
Nigeria's Securities and Exchange Commission has released comprehensive proposed rules governing digital and virtual asset operations, introducing distinct regulatory categories for exchanges, custodians, and tokenisation platforms. The framework establishes capital requirements ranging from ₦200 million to ₦2 billion, detailed stablecoin reserve requirements, and enhanced investor protection measures across the digital asset value chain. Businesses operating in Nigeria's digital asset ecosystem
Nigeria Finance
LL
Lexworth Legal Partners
Article
Nigeria’s SEC Tightens The Rules For Fund And Portfolio Managers: What Capital Market Operators Need To Know
The Nigerian Securities and Exchange Commission has introduced significant amendments to its Rules and Regulations governing Fund/Portfolio Management Operations, with far-reaching implications for how fund and portfolio managers conduct their business. These changes place heightened emphasis on investor protection, conflicts management, custody arrangements, and cross-border investments, requiring Capital Market Operators to fundamentally review their investment practices, client documentation, and governa
Nigeria Finance
Syntegral Legal Practice
Article
Public Offers And Investor Protection: The Regulatory Framework Governing IPOs In Nigeria Under The Investments And Securities Act 2025
The Investments and Securities Act 2025 has fundamentally transformed Nigeria's regulatory framework for public offers, introducing stringent registration requirements, enhanced disclosure obligations, and comprehensive investor protection mechanisms. What are the specific legal requirements companies must satisfy when making securities available to the public, and how does the new Act strengthen the Securities and Exchange Commission's supervisory powers while creating direct civil and criminal remedies fo
Nigeria Finance
Adeola Oyinlade & Co
Article
Settlement At The Speed Of Trust: Nigeria’s Transition To T+1 Settlement And Why It Matters
Nigeria's capital market has transitioned to a T+1 settlement cycle, reducing the time between trade execution and settlement to one business day. This reform addresses counterparty risk, liquidity constraints and operational inefficiencies that persisted under the previous T+3 and T+2 frameworks, fundamentally reshaping expectations for brokers, custodians and institutional investors.
Nigeria Finance
SB
Stren & Blan Partners
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