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The Securities and Exchange Commission (SEC) Nigeria has issued a statement clarifying its position regarding the recent First Holdco transaction.
According to the Commission, it granted a “no objection” to the transaction after due consideration and in full compliance with applicable requirements.
The SEC explained that its correspondence with the operators involved was not a query, but rather an automated compliance mechanism designed to promote transparency and ensure proper conclusion of large transactions within the market.
The Commission assured that it did not request additional information from the Central Bank of Nigeria (CBN) following the conclusion of the transaction.
The SEC reaffirmed its commitment to regulating a fair, orderly, and efficient market, protecting investors, and fostering capital formation in Nigeria.
