Company profile
Securities and Exchange Commission, Nigeria
The views expressed in this page are those of the author and not necessarily those of the Commission.
- Industry
- Financial Services
- Employees
- 475
- Founded
- 1979
- Office locations
- 1
Securities and Exchange Commission, Nigeria company summary
Securities and Exchange Commission, Nigeria is a company in the Financial Services industry, founded in 1979. On LinkedIn the company has around 475 employees.
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About Securities and Exchange Commission, Nigeria
The Securities and Exchange Commission (SEC), Nigeria is the apex regulatory authority of the Nigerian capital market. The SEC has evolved over time having started with the establishment of the Capital Issues Committee in 1962 by the government as an essential arm of the Central Bank of Nigeria. This was purely an ad-hoc, non-statutory committee, which later metamorphosed into SEC in 1979, following a comprehensive review of the Nigerian financial system, with the promulgation of SEC Decree No. 71 of 1979. Successive reviews of this earlier enactment led to the introduction of a new legislation, the Investments and Securities Act (ISA) No 45 of 1999. The ISA No. 45 of 1999 was repealed with the promulgation of the ISA No. 29 of 2007, which sets forth the functions of the SEC as well as confers it with its current powers. The 2007 legislation further enlarged the powers of the SEC, while saddling it with the dual responsibilities of: Regulating the capital market with a view to protecting investors; and developing the capital market in order to enhance its allocative efficiency, and pave way for a private sector led economy. The Act also set up for the SEC, a board of nine (9) members comprising the Chairman, the Director General, three Executive Commissioners, two Non-Executive Commissioners, Representatives of the Federal Ministry of Finance and Central Bank of Nigeria.
Where is Securities and Exchange Commission, Nigeria located?
Securities and Exchange Commission, Nigeria lists 1 location.
Compare companies similar to Securities and Exchange Commission, Nigeria
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| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
Securities and Exchange Commission, Nigeria sec.gov.ng | Financial Services | 475 | 1979 | - |
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Frequently asked questions about Securities and Exchange Commission, Nigeria
What does Securities and Exchange Commission, Nigeria do?
The Securities and Exchange Commission (SEC), Nigeria is the apex regulatory authority of the Nigerian capital market. The SEC has evolved over time having started with the establishment of the Capital Issues Committee in 1962 by the government as an essential arm of the Central Bank of Nigeria. This was purely an ad-hoc, non-statutory committee, which later metamorphosed into SEC in 1979, following a comprehensive review of the Nigerian financial system, with the promulgation of SEC Decree No. 71 of 1979. Successive reviews of this earlier enactment led to the introduction of a new legislation, the Investments and Securities Act (ISA) No 45 of 1999. The ISA No. 45 of 1999 was repealed with the promulgation of the ISA No. 29 of 2007, which sets forth the functions of the SEC as well as confers it with its current powers. The 2007 legislation further enlarged the powers of the SEC, while saddling it with the dual responsibilities of: Regulating the capital market with a view to protecting investors; and developing the capital market in order to enhance its allocative efficiency, and pave way for a private sector led economy. The Act also set up for the SEC, a board of nine (9) members comprising the Chairman, the Director General, three Executive Commissioners, two Non-Executive Commissioners, Representatives of the Federal Ministry of Finance and Central Bank of Nigeria.
How many employees does Securities and Exchange Commission, Nigeria have?
Securities and Exchange Commission, Nigeria has around 475 employees on LinkedIn.
When was Securities and Exchange Commission, Nigeria founded?
Securities and Exchange Commission, Nigeria was founded in 1979.
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