• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 22, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

SEC To Ease Banks’ Recapitalisation, Approves N1.5trn Infrastructure Fund Programmes

by Emmanuel Femi
2 years ago
in Business
SEC
Share on WhatsAppShare on FacebookShare on XTelegram

The Securities and Exchange Commission (SEC) will soon issue appropriate guidelines to facilitate an efficient capital raising process for the proposed recapitalisation of banks in the country.

Advertisement

This is even as SEC approved five infrastructure fund shelf programmes totaling N1.5 trillion, in aligning with and directly supporting the federal government’s infrastructure development goals. The commission equally actively supported the growth of the Fund Management industry in 2023 with approvals for new mutual funds (N18.20 billion) and discretionary/non-discretionary investment products (N17.60 billion).

The outgoing director-general of SEC, Lamido Yuguda, who stated this at a virtual press briefing on the 2024 first quarter Capital Market Committee (CMC) meeting held at the weekend, noted that, the SEC is partnering the Central Bank of Nigeria (CBN) and other relevant agencies to ensure a smooth recapitalisation process in the banking industry.

Advertisement

While commending CBN for the recently announced policy on bank recapitalisation, he noted that the commission has drawn useful lessons from the previous bank recapitalisation exercise and will very shortly issue appropriate guidelines to facilitate an efficient capital raising process in the present exercise.

The commission, he said, is committed to a process that will ensure speed, fairness, and good market conduct, adding that, SEC is collaborating with the CBN and other relevant agencies to ensure a smooth process.

He assured that the market will provide needed funds in recapitalisation, saying, the capital market is strong, efficient and resilient and over the past few quarters some large companies have raised significant financing from the market, signifying the depth and ability of the market to provide such financing.

RELATED NEWS

Delta APC United Under Oborevwori — Official

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

Oyetola Pledges Support For Indigenous Shipping

Federal Govt Recognises PalmPay For Advancing Financial Inclusion

 

We are confident of the ability of the market to provide the needed funds in the banking recapitalization, he said.

 

Yuguda, who is also the chairman of the committee, highlighted SEC’s commitment to embracing FinTech innovations while managing associated risks and establishing a regulatory framework for the digital asset space.

 

He explained that the Lagos Commodities and Futures Exchange shed light on upcoming listings of gold, lithium, and oil and gas, adding that these products are aimed at expanding opportunities for traders and investors in the commodities space.

 

He said the commission will continue to work with the exchange to overcome challenges on the path to building a strong commodities market in Nigeria.

 

SEC DG pointed out that, this year, ongoing efforts such as inspection visits to various capital market operators are aimed at ensuring that the market remains fair and continues to be a veritable platform for financing and wealth creation, saying, SEC collaboration with international bodies like the Islamic Financial Services Board (IFSB) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) further reflect the SEC’s dedication to ensuring market resilience and global competitiveness

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShare10195Tweet6372Share

OTHER NEWS UPDATES

Governor Oborevwori Orders Council Chairmen To Execute Landmark Projects
Business

Delta APC United Under Oborevwori — Official

7 hours ago
Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m
Business

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

7 hours ago
Oyetola
Business

Oyetola Pledges Support For Indigenous Shipping

8 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

CREDICORP Wins ‘Credit Access Company Of The Year’ At 13th BusinessDay BAFI Awards

23 minutes ago

LEADERSHIP Young College Person Of The Year 2025: Nafisa Abdullahi Aminu

27 minutes ago

Mosquitoes Found In Iceland For First Time

33 minutes ago

LEADERSHIP Primary Healthcare Model of the Year 2025: Dr Seidu Adebayo Bello

34 minutes ago

Gunmen Kill 2 In Plateau Community

36 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.