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By Peter Egwuatu
The Securities and Exchange Commission (SEC) has granted fresh approvals to three companies within the BGL Group, authorising them to resume operations across key segments of the Nigerian capital market.
The approvals, contained in separate letters issued by the Commission, covering BGL Securities Limited, BGL Capital Limited and BGL Asset Management Limited, allows the firms to operate respectively as Broker/Dealer, Issuing House, and Fund/Portfolio Manager.
In a letter signed by Mrs. Hafsat O. Rufai, Director, Registration, Exchanges and Market Infrastructure Department, SEC approved the registration of BGL Securities Limited as a Broker/Dealer, with effect from April 17, 2025.
The Commission said the approval followed the company’s successful performance at an interview conducted on November 1, 2024.
According to SEC, the registration was granted pursuant to the powers conferred on the Commission under the Investments and Securities Act (ISA) 2025 and the Rules and Regulations governing the Nigerian capital
