SEC grants Chaka Technologies license for digital stock trading

The Securities and Exchange Commission (SEC) has given approval to Chaka Technologies Ltd. to operate a digital platform for buying and selling of local stocks.
Mrs Efe Ebelo, Head, Corporate Communications, SEC, said on Wednesday in Lagos, that the company’s application was approved last week by the commission.
She added that the company was licensed to operate as sub-broker (digital) trading on local stocks.
Chaka Technologies, with the approval, becomes the first to acquire the digital sub-brokers’ license introduced by SEC in April.
The approval came after months of uncertainty regarding regulations of digital trading in Nigeria.
Confirming the approval, Mr Tosin Osibodu, Co-founder & CEO, Chaka Technologies, said in a statement that the company was pleased with the achievement.
Chaka, is pleased to announce its recent acquisition of the digital sub-broker/sub-broker serving multiple brokers through a digital platform…


Leave a Reply