Securities and Exchanges Commission Description
About The Securities and Exchange Commission The Securities and Exchange Commission is the regulatory body of the Nigerian Capital Market under the supervision of the federal government. It supervises the Nigerian Stock Exchange and ensures orderly, equitable dealings in securities in order to protect the market against insider trading abuses.
The Securities and Exchange Commission first originated in 1962 as the Capital Issues Committee by the CBN. It was upgraded to a commission owing to increase in economic activities by the Nigerian Enterprises Promotion Decree in 1972. A Financial System Review Committee was set up by the federal government to review the market's realities at that point and the committee's report led to the establishment of the SEC. It has since undergone various updates in policy during different periods Nigeria's history down to the Investment and Securities Act of 2007 from which it currently derives its powers.
History of The Securities and Exchange Commission
SafetyVisitors may have trouble getting into the SEC premises if not on an appointment or having a legitimate reason to want to go in. The security here is very tight.
Visitors must have a valid and important appointment to be allowed into the SEC's chambers.
Best Time to Visit The Securities and Exchange Commission
Most Common VisitorsThe SEC counts government reps from various financial agencies, big-company reps, bank representatives many other stakeholders as regular visitors.
Weather at The Securities and Exchange CommissionSecurities and Exchanges Commission is located at the South-West part of Nigeria. This region has two seasons which are the dry and rainy season. The rainy season comes from the month of May till early August while the dry season comes from the month of October till April. Usually, between the month of December and February Harmattan comes along.