#SEC

The Securities and Exchange Commission (SEC) of Nigeria has approved Koinkoin Global Network Limited, GIGX Technologies, Blockvault Custodian Ltd, and six other Virtual Asset Service Providers (VASPs) for its Accelerated Regulatory Incubation Programme (ARIP). This Approval-in-Principle allows the nine entities to commence operations within the SEC's regulatory sandbox.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The Securities and Exchange Commission has issued a warning to investors regarding any supposed public offering by Dangote Petroleum Refinery & Petrochemicals FZE, clarifying that it has not received or approved any application for an initial public offering from the company.

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with Rwanda’s Capital Markets Authority (CMA) to enhance cooperation and promote the integration of African capital markets. During the signing ceremony in Abuja, SEC Director-General Dr. Emomotimi Agama emphasized the importance of increased collaboration among African markets.