NIGERIA: The Securities and Exchange Commission of Nigeria (SEC Nigeria) has issued an exposure on the proposed new rules on the issuance and allotment of securities, including Sukuk, for private companies.
The exposure stipulated that, among others, for Sukuk issuances, the issuer shall comply with the provisions on Sukuk as applicable and set out in Rules 569–588 of the Commission’s Rules as amended from time to time.
