ISA 2025 to Enhance Economic Growth – SEC

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The Securities and Exchange Commission (SEC) has stated that the forthcoming Investments and Securities Act (ISA) 2025 will be a transformative development for Nigeria’s capital market, with the potential to drive economic growth.

In a statement released on Thursday in Abuja, SEC Director-General Dr Emomotimi Agama highlighted the significance of the new law, noting that it would enable the commission to maintain its prestigious Signatory A status with the International Organisation of Securities Commissions (IOSCO).

Agama described the legislation as a pivotal step that would enhance Nigeria’s capital market by aligning it with international standards, making it more attractive to investors and fostering a favourable investment climate.

The act is also expected to expand regulatory oversight to include online forex trading, which has seen increased participation from Nigerian citizens, as well as introduce legal frameworks for the regulation of digital assets.

”The commodities ecosystem is well featured in this law, being able to provide regulation regarding the commodities ecosystem from the spot market to the derivative market and the secondary market.

”We have also been able to remove by this law restrictions by states and local governments on their ability to raise capital and bring development to their states and, of course, municipal areas.

”So, this for us is very important,” he said.

Agama said the law would help to create a dynamic, inclusive and resilient capital market for the economy.

He reiterated the commission’s commitment towards moving the capital market and the country’s economy forward.

 

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