SEC moves to tighten online forex trading rules

The Securities and Exchange Commission (SEC) is preparing to tighten regulations for online forex trading and contracts for differences (CFD) in Nigeria, with a dedicated forum at the 2026 Lagos Finance Summit set to discuss the proposed rules. The Regulation Forum, scheduled for October 14-16 at the Landmark Event Centre, aims to engage stakeholders, including forex brokers, banks, and technology providers, in examining the draft framework.

Key proposals include higher capital requirements, stricter operational standards, and enhanced protection for customers' funds. The SEC is also proposing the segregation of client funds and greater oversight of offshore trading platforms targeting Nigerian residents. The consultation process will shape the final rules and provide an avenue for market participants to submit concerns and recommendations.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.