New law expands powers; digitalisation, ESG reporting, and financial literacy on the agenda
The Securities and Exchange Commission (SEC) has announced plans to intensify enforcement of capital market rules in 2026, following the enactment of the Investments and Securities Act (ISA) 2025, aimed at strengthening investor confidence and market integrity.
The Director-General of SEC, Emomotimi Agama, said the new law has broadened the Commission’s supervisory and enforcement authority, enabling it to crack down on market abuse, insider trading, fraudulent investment schemes, and other forms of misconduct.
“With the enactment of the Investments and Securities Act 2025, the Commission’s supervisory and enforcement framework has been strengthened. In 2026, the Commission will continue to apply these powers firmly and impartially,” Agama stated.
Agama emphasized that all enforcement actions will follow due process, reinforcing predictable and consistent regulation as essential for building investor trust. The SEC’s efforts are part of broader measures to ensure market integrity, efficiency, and resilience, he added.
Digitalisation and improved disclosures
Beyond enforcement, the SEC plans to modernize regulatory processes, including automated filings, streamlined approvals, and enhanced disclosure requirements. The Commission will also introduce environmental, social, and governance (ESG) reporting standards and conduct a structured review of market intermediaries to ensure financial stability and robust risk management.
“These measures are intended to reduce unnecessary frictions, improve regulatory responsiveness, and enhance transparency across the market,” Agama noted.
Investor protection and education
The SEC reaffirmed its commitment to protecting retail investors and SMEs, balancing broad market access with safeguards against fraud. In addition, the Commission plans to launch a nationwide financial literacy programme in 2026 to improve awareness and reduce vulnerability to scams.
“We will regulate not to stifle, but to catalyse. We will enforce not to punish, but to protect and build trust,” Agama said.
The SEC’s approach signals a more proactive regulatory stance for Nigeria’s capital market, combining enforcement, digital innovation, and investor education to support economic growth while safeguarding participants.
