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SEC Proposes N5bn Capital, 30% Local Ownership For Forex Operators

The Whistler Newspaper 24 h

Nigeria

SEC Proposes N5bn Capital, 30% Local Ownership For Forex Operators — Sources: The Whistler Newspaper

The Securities and Exchange Commission (SEC) is seeking to tighten oversight of Nigeria’s retail forex and Contracts for Difference (CFD) market through proposed rules that would require operators to meet capital thresholds of up to N5bn and ensure at least 30 per cent Nigerian ownership. The proposed rules are contained in the draft Rules on […] SEC Proposes N5bn Capital, 30% Local Ownershi

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SEC Proposes N5bn Capital, 30% Local Ownership For Forex Operators

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