SEC approves VFD Group's rights issue

The Securities and Exchange Commission has approved VFD Group's rights issue.

VFD Group, a Nigerian financial services firm, has received approval from the Securities and Exchange Commission for its rights issue. This development allows the company to offer additional shares to existing shareholders. The approval was reported on March 13, 2026, marking a key step in the company's capital-raising efforts. No further details on the size or terms of the rights issue were provided in the available information.

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Illustration of SEC building with crypto and stock elements for tokenized trading news.
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Sec plans exemption for tokenized stock trading

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The Securities and Exchange Commission is expected to release an innovation exemption for tokenized stocks as soon as this week. The move would allow equities to trade through crypto-native infrastructure such as automated market makers and stablecoins.

Shareholders of VFD express optimism about stronger upsides following new capital.

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Egypt’s Financial Regulatory Authority has granted licences to eight companies operating in non-banking financial sectors.

The Industrial Development Authority and the Federation of Egyptian Industries held a meeting on May 9 to review the progress of several state-backed financing programs for the industrial sector.

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Hong Kong's Securities and Futures Commission is pursuing compensation for victims of securities misconduct instead of focusing on fines. The regulator has secured HK$2.5 billion in settlements over recent months. This follows practices in the US, UK and Europe.

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