The Securities and Exchange Commission has promised to cooperate with the Economic and Financial Crimes Commission (EFCC) to ensure that trading manipulations are reduced in the virtual space. Dr. Emomotimi Agama, Acting Director General of SEC disclosed this on Tuesday when he received a team from the EFCC led by the Executive Chairman Mr. Ola Olukoyede in Abuja. Agama stated that as apex regulator of the capital market, the SEC is ready to co-operate with...

…Lists 16 Transactions Exempted from Charge Nigerian banks are set to implement a new levy on electronic transactions following a directive issued by the Central Bank of Nigeria, CBN, on Monday. This levy, amounting to 0.5% of the transaction value, is specifically designated for cybersecurity purposes. The CBN circular, addressed to all deposit money banks, non-interest banks, payment service banks, and other financial institutions, cites the recently enacted Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024....