Nigeria’s Securities and Exchange Commission (SEC) has revoked the operating licence of Kensington Agro Trading Limited, thereby removing the firm’s status as a registered capital market operator. The Commission announced this decision in a public notice issued on Saturday, March 1, 2026, instructing the investing public and all exchanges to cease market-related dealings with the company without delay.
This enforcement action, effective immediately, signifies the regulator’s intensified scrutiny of Nigeria’s capital market. Kensington Agro Trading Limited is now delisted from the roster of authorised intermediaries and is prohibited from engaging in regulated capital market activities. Furthermore, all commodity exchanges, traders, and other capital market stakeholders are directed to halt any engagements with the firm.
While the SEC did not specify the exact infractions that led to this sanction, it stated that the decision was made under its statutory authority. The regulator referenced Section 61(6) of the Investments and Securities Act, 2025, and Rule 34(1) of the SEC Rules and Regulations 2013 (as amended). These legal provisions grant the Commission the power to revoke registrations when operators fail to adhere to regulatory standards or engage in activities deemed detrimental to investor protection and the orderly functioning of the market.
The SEC’s directive to immediately discontinue all capital market-related dealings with Kensington Agro Trading Limited imposes an urgent compliance requirement on counterparties, custodians, and exchanges. Market participants currently involved in transactions with the firm are advised to terminate these business relationships and review their associated exposures.
The revocation effectively removes Kensington Agro Trading Limited from the ecosystem of licensed commodity brokers, dealers, and collateral managers, invalidating its authority to operate within the framework of regulated capital market structures.
This enforcement action occurs amidst a broader push by regulators to enhance transparency and market discipline in Nigeria’s capital market. Recent regulatory efforts have focused on increased oversight following concerns regarding irregular market activities and a rise in investment-related infractions.
By issuing this public notice and mandating immediate disengagement with Kensington Agro Trading Limited, the SEC is demonstrating its commitment to proactive oversight and sending a clear message that compliance breaches will be met with decisive sanctions. This move is also expected to encourage greater due diligence among market operators as stakeholders reassess counterparty risks within the capital market.
