Publications

(SEC) RELEASES CIRCULAR ON SUBSCRIPTION TO FOREIGN SECURITIES
On the 8th of April 2021, the Securities and Exchange Commission (SEC), the apex regulator of securities in Nigeria, issued a circular targeted at the Financial Technology (FinTech) investment platforms in the business of providing access to the purchase and management of securities’ portfolios to the Nigerian Public. The circular issues a strong warning against fintech investment platforms and Capital Market Operators (CMOs) to desist from providing Nigerians access to foreign Securities, on the grounds that these securities are unregistered with SEC, as well as, not listed in the Nigerian Stock Exchange (NSE).