Why was Stanbic IBTC fined by SEC Nigeria?

Stanbic IBTC Capital Limited was fined ₦50.145 million ($34,490) by the Securities and Exchange Commission (SEC) for using digital distribution channels during GTCO’s public offer without prior approval.

How much was the Stanbic IBTC fine?

The fine was ₦50.145 million, though Stanbic initially misreported it as ₦50.15 billion due to a clerical error. The mistake was later corrected.

What is a digital public offer in Nigeria?

A digital public offer is a capital raise conducted through apps, online platforms, and mobile channels. It improves accessibility and allows more retail investors to participate in Nigeria’s capital markets.

Why is SEC approval important for public offers?

SEC approval ensures investor protection, transparency, and fairness in Nigeria’s capital markets. It is a mandatory step for both traditional and digital public offers.

Will the Stanbic fine slow down digitalisation in Nigeria’s capital markets?

No. Digitalisation is growing rapidly, with retail investments through apps reaching ₦516.50 billion in July 2025. The fine reinforces the need for compliance but will not derail the digital drive.

Discover - Villpress

Discover

Two Brothers Fulfilling Their Father’s Dream with Africa’s First AI-Powered School Management System

Villpress Insider

Discover

Ndoh Joel Chibueze: The Engineer Turning Institutional Chaos into Scalable Software

When most people see long queues, scattered files, and outdated systems, they shrug and move on. But Ndoh Joel Chibueze, a Nigerian software engineer, sees…

Villpress Insider

4 Min Read

Villpress For Business

Grow, expand and leverage your business..

Grow, expand and leverage your business with Villpress for Business

Quick Links

Our Newsletters

Discover

Two Brothers Fulfilling Their Father’s Dream with Africa’s First AI-Powered School Management System

Ndoh Joel Chibueze: The Engineer Turning Institutional Chaos into Scalable Software

Villpress For Business

In This Issues

December 2023

Socials

All the latest Stories and content straight to your inbox

Grow, expand and leverage your business with Villpress for Business

Quick Links

Our Newsletters

Two Brothers Fulfilling Their Father’s Dream with Africa’s First AI-Powered School Management System

Ndoh Joel Chibueze: The Engineer Turning Institutional Chaos into Scalable Software

Villpress For Business

In This Issues

December 2023

Socials

All the latest Stories and content straight to your inbox

Get All the latest Villpress Stories and Content straight to your inbox

Join Us!