SEC Nigeria revokes Kensington Agro's licence, its first under ISA 2025

SEC Nigeria revoked the registration of Kensington Agro Trading Limited as a capital market operator, with immediate effect, in a circular signed 9 February 2026 and published 2 March, acting under section 61(6) of the Investments and Securities Act 2025 and Rule 34(1) of the SEC Rules. The Commission did not publish its grounds. Commodity exchanges and investors were warned to cease dealings with the firm.

The revocation is the first publicised under ISA 2025 authority since the Act's enactment in January 2025. Public warnings against unlicensed platforms came first, with Aurum Bot and ModMount named on 30 January. The revocation of a registered operator followed within a fortnight.

SEC Nigeria moved from enacting its new statutory toolkit to using it in just over a year. Operators registered under the previous regime are being assessed against the standards of the new one.