Nigeria’s SEC moves to stop online platforms from trading in foreign securities

Nigeria’s Securities and Exchange Commission says online investment and trading platforms facilitating the trade of foreign securities not registered in Nigeria are to desist from such activities. In a statement, the commission reiterated its rules that states that only foreign securities listed on any Exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public. Gbite Oduneye, CEO of EGM Group and Bismarck Rewane, CEO of Financial Derivatives join CNBC Africa to discuss the development.