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The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

Nigeria has taken another significant step towards bringing virtual assets, cryptocurrency businesses and blockchain-enabled financial services within a more coordinated regulatory framework. President Bola Ahmed Tinubu's Presidential Executive Order on Virtual Assets Coordination, 2026 should not be viewed as another attempt to prohibit digital assets. Nor does it replace the existing powers of the Central Bank of Nigeria, the Securities and Exchange Commission (SEC), the Nigeria Revenue Service or other relevant agencies.

The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

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

In today’s fast-paced financial world, companies often need quick short-term funding to keep operations running smoothly.

Crowdfunding, also known as "online financing," is defined as raising funds to finance a project or business from the public using an online platform.

In exercise of its powers to protect the integrity of the securities market against all forms of abuse,1, fraudulent and unfair trade practices, the Securities and Exchange Commission (SEC)...

Nigeria's Securities and Exchange Commission has introduced a transformative tier-based minimum capital framework for Capital Market Operators, replacing fixed thresholds with dynamic requirements...

In recent years, Nigeria’s Mergers and Acquisitions (“M&A”) landscape has witnessed notable growth, driven by increasing investor confidence, regulatory reforms, and the strategic consolidation of businesses across sectors such as banking, financial services, energy, telecommunications, healthcare, and technology.

The Investments and Securities Act 2007 ("ISA 2007") defines insider trading or dealing thus: "Insider dealing includes insider trading and occurs when a person or group of persons ...

In Nigeria, mergers by private or public companies are principally regulated under the Investments and Securities Act 2007 and the SEC Rules.

Due to certain accounting and legal reasons, companies seeking to maintain liquidity and therefore keep business afloat, may choose to take only financial measures incurring of limited financial liability.

These Guidelines establish the Pre-Qualification, Incubation Form and Fee, Operations Requirement, Restrictions and Conditions, Termination and Content of the Implementation Plan.

In this article, I will discuss the regulatory framework in depth.

Nigeria's cryptocurrency market has grown rapidly, bringing both opportunities and risks to consumers navigating digital payments, investments and cross-border transactions. As regulatory oversight evolves across multiple agencies, questions arise about how consumer protection laws apply to this emerging sector and what safeguards exist against fraud, misleading promotions and platform failures.

In the context of this article, unclaimed funds include unclaimed dividends from shares in public companies and dormant bank account balances.

The Investments and Securities Act 2025 ("ISA 2025" or the "New Act") was signed into law in March 2025, repealing the Investments and Securities Act of 2007 ("ISA 2007 or the "Old Act").