The Securities and Exchange Commission (SEC) of Nigeria has issued a stark warning to investors regarding the burgeoning trend of meme coins, specifically citing the $Davido coin, which has recently gained media attention due to its association with the renowned Nigerian artist David Adeleke, popularly known as Davido. In May, Davido made headlines by entering Read More…
The Central Bank of Nigeria (CBN) has reversed its earlier decision to ban banks and financial institutions from transacting in cryptocurrencies, acknowledging the global trend towards regulating digital assets. The bank issued a new circular on December 22, outlining the rules and requirements for firms dealing in crypto assets. The CBN imposed a ban on Read More…
Nigeria’s markets regulator, the Securities and Exchange Commission (SEC) has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto-assets and their unregulated use. Nigeria’s central bank last year banned banks and financial institutions from dealing in or facilitating Read More…
The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market. Yuguda said this in an address delivered at the first Capital Market Committee (CMC) meeting in 2020. The CMC is a medium for exchange of ideas among Read More…
