Category: Nigeria


  • Section 228 Investments and Securities Act Section 228 of the Investments and Securities Act 2025 is about Responsibilities of a commodities exchange. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A commodities exchange shall —(a) conduct its business in a fair and transparent manner with…

  • Section 227 Investments and Securities Act Section 227 of the Investments and Securities Act 2025 is about Commodities exchange to maintain proper books of account. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: A commodities exchange shall maintain proper books of account and records relating to…

  • Section 226 Investments and Securities Act Section 226 of the Investments and Securities Act 2025 is about Rules of commodities exchange. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A commodities exchange shall make rules for the effective performance of its functions, which rules shall…

  • Section 225 Investments and Securities Act Section 225 of the Investments and Securities Act 2025 is about Conditions for registration. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) The Commission shall prescribe the minimum share capital for a commodities exchange. (2) A commodities exchange shall…

  • Section 224 Investments and Securities Act Section 224 of the Investments and Securities Act 2025 is about Establishment of commodities exchanges. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows: (1) A person shall not establish or maintain or hold himself out as providing or maintaining a…

  • Section 223 Investments and Securities Act Section 223 of the Investments and Securities Act 2025 is about Terms used in this Part. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows: Terms used in this Part shall be construed as defined in section 357 of this Act.

  • Section 222 Investments and Securities Act Section 222 of the Investments and Securities Act 2025 is about Penalty for contravention. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows: An exchange, its director, official or employee, who contravenes any of the provisions of this Part, is liable to a…

  • Section 221 Investments and Securities Act Section 221 of the Investments and Securities Act 2025 is about Application of insurance money. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows: A claimant against an investor protection fund shall not have any right of action against any person with whom…

  • Section 220 Investments and Securities Act Section 220 of the Investments and Securities Act 2025 is about Subrogation. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows: On payment out of an investor protection fund of any money in respect of any claim under this Part, the board of…

  • Section 219 Investments and Securities Act Section 219 of the Investments and Securities Act 2025 is about Power to require production of evidence. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows: The exchange, Commission or Tribunal may require any person to produce and deliver any securities, documents or…