Week of
Nigeria's SEC issued a cease and desist directive while Turkey's Capital Markets Board published weekly decisions. The Securities and Exchange Commission of Nigeria acted against misleading and manipulative pre-marketing activities tied to a purported securities offering by Dangote Petroleum Refinery & Petrochemicals FZE, for which no application has been filed or approved, ordering registered capital market operators, especially stockbrokers and digital platform promoters, to stop promoting the offering, remove unauthorized materials, cease accepting funds or commitments, and refund collected funds within 24 hours. Turkey's Capital Markets Board bulletin, dated June 24, 2026, sets out the week's Board decisions covering initial public offerings of various companies, debt instrument issuances, new operating licenses, administrative fines, ownership structure changes and other application results. The two records differ in form: Nigeria's is a targeted enforcement directive naming a specific purported offering and the operators promoting it, while Turkey's is a broad weekly compilation of decisions across several areas of activity. The week's weight sits with Nigeria's investor-protection action, and the Turkish bulletin is translated from Turkish.
Nigeria
Cease and Desist Directives on Misleading and Manipulative Solicitations, Promotional, and Pre-marketing Activities Relating to a Purported Securities Offering of Dangote Petroleum Refinery & Petrochemicals FZE
The Securities and Exchange Commission of Nigeria has issued a cease and desist directive against misleading and manipulative pre-marketing activities concerning a purported securities offering by Dangote Petroleum Refinery & Petrochemicals FZE, for which no application has been filed or approved. Registered Capital Market Operators, especially stockbrokers and digital platform promoters, are ordered to immediately stop promoting the purported offering, remove unauthorized materials, cease accepting funds or commitments, and refund all collected funds within 24 hours. The directive aims to protect investors and preserve capital market integrity.
DirectivePublished in EnglishEnglishConsumer protection
Türkiye
CAPITAL MARKETS BOARD BULLETIN 2026/41
This bulletin contains the weekly decisions of the Capital Markets Board dated June 24, 2026. The bulletin includes Board decisions regarding initial public offerings of various companies, debt instrument issuances, new operating licenses, administrative fines, ownership structure changes, and other application results.
OtherTranslated to EnglishTurkishLicensingReporting requirements
Generated by AI from the original publication: extracted, summarised and translated to English. In case of discrepancy, the original prevails; verify against it before relying on this summary.