BGL Capital Ltd Secures SEC Approval for Market Operations

BGL Capital Ltd has been granted a fresh license by the Securities and Exchange Commission (SEC) to operate in the Nigerian capital market, effective April 17, 2025. This approval allows BGL Capital to resume its participation in market activities after a suspension.

The SEC's decision follows a successful performance interview conducted on November 1, 2024. The approval includes BGL Securities Ltd as a broker-dealer, alongside BGL Asset Management Ltd and BGL Private Equity Ltd, which are also authorized to operate within the Nigerian capital market.

The SEC's letter, signed by Hafsat Rufai, Director of the Registration and Market Infrastructure Department, confirms that BGL Capital must comply with applicable regulations and periodic reporting obligations as prescribed by the commission. BGL Capital aims to continue providing superior investment banking services and meet global standards in the financial sector.