Nigeria’s SEC is charging ahead with digital innovation and regulatory reform to build a resilient, inclusive, and globally competitive capital market.
At the inaugural Nairametrics Capital Market Choice Awards (NCMA) in Lagos, SEC Director-General Emomotimi Agama outlined a bold vision for Nigeria’s capital markets—centered on innovation, digital transformation, and regulatory modernization.
Innovation at the Core
Agama emphasized that:
“Financial markets must evolve continuously, integrating greater efficiency, security, and innovation.”
He stressed that modern infrastructure—clearinghouses, trading platforms, surveillance tools—is vital to market transformation, positioning Nigeria for regional integration and global competitiveness.
ISA 2025: A Game-Changing Reform
A highlight of his speech was the newly passed Investment and Securities Act (ISA) 2025, which:
1. Repeals the 2007 Act
2. Expands SEC powers
3. Provides clear frameworks for digital assets and derivatives
4. Enhances cross-border regulatory collaboration
5. Cracks down on illegal investment schemes
6. Formalizes commodities trading via warehouse receipt regulation
Emphasis on Digital Future
While legislation is key, Agama insisted it’s not enough. He revealed:
• A digital transformation journey is underway
• New telemarketing tools and investigative systems are in development
• The SEC is building innovation-enabling frameworks to support credible new asset classes
Tangible Progress & Market Confidence
Agama pointed to early wins:
• Regulatory Incubation Programme for fintechs
• Digital asset regulations to guide blockchain and crypto innovation
• Sukuk bonds funding infrastructure
Vision for a Global-Ready Capital Market
Since assuming office in 2024, Agama has championed the unrealized potential of Nigeria’s financial markets. His message:
“If we unlock the potential of our capital market, we unlock the future of Nigeria.”
With ISA 2025 and ongoing tech-led reforms, the SEC is steering Nigeria’s financial sector into the future—resilient, inclusive, transparent, and innovation-driven.
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