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.

By using this site, you agree to the Privacy Policy and Terms of Use.

Accept

Home
Business
BusinessShow More

Hubtel’s Self-Funded Success: How Ghana’s Fintech Giant Reached 1 Million Daily Transactions Without VC

Sebastian Hills

Stripe Revolutionizes Stablecoin Creation with Open Issuance: A Game-Changer for Digital Finance

Villpress Insider

Africa’s Leading Oil Refineries by Capacity in 2025

Villpress Insider

Google isn’t kidding around about cost cutting, even slashing its FT subscription

Villpress Insider

Rulebase Secures $2.1M Pre-Seed to Transform Back-Office Automation in Financial Services with AI “Coworkers”

Villpress Insider
Quick Links
Grow, expand and leverage your business with Villpress for Business

We provide tailored solutions that meet your business needs and escalate growth

Get Stared

Quick Links

Technology

Villpress News

Money & Finance

Renewable Energy

Contact

Blog

Our Newsletters

Newsletter Subcribers
Enter Your Name
Enter your Email

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.
Tech
TechShow More

Penske Media Sues Google Over AI Summaries, Alleging Antitrust Violations

Villpress Insider

Why iPhone 17 Launch Still Sparks Investor Concerns and $100B Market Value Wipeout

Villpress Insider

Ankit Gupta Joins Y Combinator as General Partner, Strengthens AI and Biotech Focus

Villpress Insider

Recall.ai Expands Beyond Bots With New Desktop Recording SDK

Villpress Insider

Oracle and OpenAI Seal $300B Deal to Power Project Stargate

Villpress Insider
News
NewsShow More

Google Appoints Preeti Lobana as New Head of India Operations

Villpress Insider

Australian shares likely to open lower, NZ falls

Villpress Insider

Canada Inflation Rate: The annual inflation rate in Canada fell to 2.5%

Villpress Insider

Subcrible Now

Technology
Villpress News
Money & Finance
Renewable Energy
Contact
Blog

Search

Home
Categories
More
- Contact
- Blog

Have an existing account? Sign In

Legal Stuff
Privacy Policy
Manage Cookies
Terms and Conditions
Partners

Tag: OnePlus Smartphone

Artificial Intelligent News

OnePlus Elevates Smartphone AI with Deep Google Gemini Integration in OxygenOS 16

OnePlus today announced a groundbreaking enhancement to its AI ecosystem, unveiling native…

Villpress Insider

Legal Stuff
Privacy Policy
Manage Cookies
Terms and Conditions
Partners

All the latest Stories and content straight to your inbox

At Villpress, our vision is to change the culture of media by telling unique background stories that provide a deeper understanding of the world around us. We believe that the stories we tell have the power to inspire, educate, and transform, and we are committed to using that power to make a positive impact on society.

Newsletter Subcribers

Enter Your Name

Enter your Email

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

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

Newsletter Subcribers

Enter Your Name

Enter your Email

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Newsletter Subcribers

Enter Your Name

Enter your Email

Zero spam, Unsubscribe at any time.

Welcome Back!

Sign in to your account

Username or Email Address

Password

Remember me

Lost your password?

Grow, expand and leverage your business with Villpress for Business

Quick Links

Our Newsletters

OnePlus Elevates Smartphone AI with Deep Google Gemini Integration in OxygenOS 16

All the latest Stories and content straight to your inbox

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

Join Us!