Economy
SEC insists on January 31 deadline for CMO registration renewal
The Securities and Exchange Commission (SEC) has issued a reminder to Capital Market Operators (CMOs) to renew their registration for the 2025 operational year no later than January 31, 2025.
This directive was communicated through a circular urging CMOs to commence the annual renewal process from January 1, 2025.
In a statement, the SEC noted that the annual renewal of registration is designed to ensure that only fit and proper individuals or entities operate within Nigeria’s capital market.
The statement added that the exercise would be conducted electronically, with CMOs required to submit proof of their 2025 annual subscription payments to their respective trade groups as part of their renewal application.
The SEC stated: “This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of Registration of CMOs for the year 2025 will commence from January 01, 2025. All CMOs applying for renewal are required to include their 2025 annual subscription receipt from their respective trade groups as part of their application.”
It further explained that all CMOs are required to complete their registration renewal through the SEC’s designated portal at www.eportal.sec.gov.ng on or before January 31, 2025.
The SEC warned that CMOs who fail to meet the deadline or secure valid registration would face penalties and could be barred from conducting capital market activities.
The Commission first reintroduced the requirement for annual registration renewal in 2021, citing the need for a reliable database of active and registered CMOs in the Nigerian capital market.
This measure aims to ensure that local and foreign investors, regulatory agencies, and the public can access accurate and up-to-date information on market operators.
The initiative also seeks to curb unethical practices that could undermine investor confidence and harm the capital market’s reputation.
Additionally, it enhances the SEC’s ability to supervise and monitor CMOs effectively.
To facilitate the renewal process and improve efficiency, the Commission amended its rules, mandating that the registration renewal process be conducted electronically.
For smartphone users who prioritise camera performance over brand loyalty, several devices in 2026 now rival—or surpass—the Samsung Galaxy S25 in photography and videography. Equipped with larger high-resolution sensors, advanced cinematic video capabilities, and cutting-edge computational imaging, these phones deliver flagship-quality results that cater to both casual shooters and professional content creators.
Here are the best camera-centric smartphones you can confidently choose instead of Samsung’s Galaxy S25 right now.
1. iPhone 17
The iPhone 17 brings polished imaging with dual 48MP cameras, sensor-shift stabilisation and Dolby Vision HDR video. Its consistent colour science, strong video recording and reliable autofocus make it a dependable camera phone. For users focused on video quality and ecosystem polish, it remains a solid alternative to Samsung’s Galaxy S25.
2. Oppo Find X9
The Oppo Find X9’s triple 50MP camera setup covers wide, periscope zoom and ultrawide shots with ease. Hasselblad colour science, Dolby Vision video, 10-bit LOG recording and strong stabilisation help it capture professional-looking photos and videos that clearly outshine the Galaxy S25’s imaging capabilities.
3. Vivo X300
Vivo X300 is a photography powerhouse led by a massive 200MP primary sensor. Paired with a 50MP periscope telephoto, 50MP ultrawide camera and Zeiss optics, it delivers exceptional detail and dynamic range. Smooth high-frame-rate 4K video and a sharp 50MP selfie camera make it a stronger camera phone than the Galaxy S25.
4. Google Pixel 10
Google Pixel 10 sports a 48MP main camera, 13MP ultrawide and true 5x telephoto produce natural colours and impressive dynamic range. Ultra HDR, AI-powered processing and reliable 4K video make it a smarter camera-focused choice over the Galaxy S25.
5. OnePlus 15
The OnePlus 15 offers excellent value with its triple 50MP camera system powered by Sony’s IMX906 sensor. A 3.5x telephoto lens, 8K video support, Dolby Vision HDR and advanced stabilisation ensure consistent results. It delivers more versatile photography and video performance than the Galaxy S25 at a competitive price.
The naira continued to face pressure against the United States dollar at the parallel market, as trading activities reflected elevated exchange rates on Thursday, January 15, 2026.
Market observations indicate that the dollar was sold on Thursday, 15, 2026, at ₦1,480 and purchased at ₦ 1,450 by operators at the Lagos-based parallel market, commonly referred to as the black market.
Currency dealers, particularly Bureau De Change (BDCs) operators, confirmed that these rates represented the prevailing conditions at the close of trading, highlighting sustained demand for foreign exchange amid limited supply.
The figures suggest that individuals seeking to exchange dollars for naira at the informal market were required to transact within this range. However, rates may differ slightly depending on location and negotiation.
Meanwhile, data obtained by BrandNewsDay shows that the Central Bank of Nigeria’s official exchange window recorded lower rates for the same period. At the official market, the dollar exchanged between ₦1,430 and ₦1,455, reflecting a notable gap between the regulated and unregulated forex segments.
It is important to note that the Central Bank of Nigeria does not recognise transactions conducted at the parallel market and has consistently advised individuals and businesses seeking foreign exchange to channel their demands through commercial banks and approved financial institutions.
What You Should Know: Dollar-Naira Black market rate.
According to Bureau De Change (BDC) sources in the Ogba and Ikeja axis of Lagos state, the exchange rate for a dollar to naira at the Parallel Market (Black Market) was N1,455 on Thursday, January 15, 2026. The U.S. Dollar was bought at N1430-N1450 and sold for N1480.
Bureau De Change (BDC) sources in Gwarimpa and Gwagwalada in FCT buy a dollar for N1430 to N1455 and sell it between N1460 to N1480 on Thursday, January 15, 2026.
Market analysts caution that exchange rates may fluctuate, as forex prices are influenced by demand, supply, and regional market dynamics, meaning actual buying or selling rates may vary from those.
Please note that the rates you buy or sell forex may differ from what is captured in this article because prices vary from state to state across Nigeria.
Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)
The Black Market Dollar to Naira Exchange Rate for 16th January 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 16th January 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1500 and buy at ₦1485 on Friday 16th January, 2025, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1500
Buying Rate ₦1485
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1422
Lowest Rate ₦1418
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