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The SEC stated in the notice that because the aforementioned e-commerce businesses were not registered with it, the "financial services offered by them are also not authorized."
The SEC made this development known in a circular issued by the Commission on Monday in Abuja.
The SEC has recently announced the blacklisting of six firms following the commission's ongoing crackdown on illegal and unregistered online trading platforms.
As part of its latest crackdown on illegal and unregistered firms, SEC says it has blacklisted six online trading platforms.
The Securities and Exchange Commission (SEC) has blacklisted six online trading platforms in its latest crackdown on illegal and unregistered firms claiming to offer investment and finance services or products. In a circular made available to media houses on Monday, the commission said that the blacklisted firms were