The Securities and Exchange Commission (SEC) says it has revoked the registration of Kensington Agro Trading Limited as a capital market operator.
The revocation takes “immediate effect”, the commission said in a public notice on Saturday.
However, the regulator did not disclose details on the circumstances leading to the revocation.
The SEC said the company was registered to operate as a commodity broker/dealer and collateral manager in the Nigerian capital market.
“The Securities and Exchange Commission (‘the Commission’) hereby notifies the general public of the revocation of the registration of Kensington Agro Trading Limited as a capital market operator (Commodity Broker/Dealer and Collateral Manager) with immediate effect,” the notice reads.
The SEC said the decision was taken pursuant to its powers under section 61(6) of the Investments and Securities Act (ISA) 2025 and Rule 34(1) of the SEC Rules and Regulations 2013, as amended.
According to the agency, the revocation means the firm is no longer authorised to carry out capital market activities in the country.
The SEC advised commodity exchanges, investors, commodity traders, and other capital market stakeholders to discontinue all capital market-related dealings with the company with immediate effect.
The latest regulatory action comes a week after the organisation suspended trading in the shares of Zichis Agro-Allied Industries Plc.
The move follows what the NGX described as “extraordinary price movements” in the company’s stock.
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