Nigeria
The Investments and Securities Act provides for the establishment of the SEC of Nigeria and its power over the capital market.
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Overview: This law provides for the establishment of the Securities and Exchange Commission and its powers over the capital market. It provides details on a set of market infrastructures and regulations governing the investment and securities business in Nigeria.
Part XI: Trading in Securities
- 105: False trading and market rigging transactions
- 106: Securities market manipulation
- 107: False or misleading statements
- 108: Fraudulently inducing persons to deal in securities
- 109: Dissemination of illegal information
- 110: Prohibition of fraudulent means
- 111: Prohibition of dealing in securities by insiders
- 112: Abuse of information obtained in official capacity
- 113: Actions not prohibited by sections 111 and 112 as dealings in securities by insiders
- 114: Effect of contravention
- 115: Criminal liability under this Part
- 116: Compensation to be determined by the Commission or Tribunal
Resources & Insights
Nasdaq Crypto Regulation Guide: Africa
Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Africa provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Africa.
Stay up to date with evolving crypto regulations.
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Thought Leadership
Cryptocurrency Regulation Guide Africa
Read Nasdaq’s comprehensive and updated guide to learn about all the major policies of Africa that govern the regulation of crypto assets.
Please check your inbox to read the Africa Cryptocurrency Regulation Guide.
