President Bola Tinubu has signed the Investments and Securities Bill (ISB) 2025 into law. This repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Securities Act 2025.
The Securities and Exchange Commission (SEC) disclosed this on Saturday in a statement signed by the Head of External Relations Department, Efe Ebelo.
The National Assembly had transmitted the bill to Tinubu for his assent on February 18.
The Act reaffirms the authority of the Securities and Exchange Commission (SEC) as the apex regulatory authority of the Nigerian Capital Market as well as to regulate the market to ensure capital formation, the protection of investors, and maintenance of fair, efficient and transparent market.
The Act also introduces transformative provisions to further align Nigeria’s market operations with international best practice.
Speaking on Key highlights of the Act, Director General fo the SEC, Dr. Emomoitimi Agama, said “The Act enhances the regulatory powers of the SEC in a manner comparable with benchmark global securities regulators.”
Agama lauded the President’s assent as a transformative step for the capital market saying that the ISA 2025 reflects a commitment to building a dynamic, inclusive, and resilient capital market.
“By addressing regulatory gaps and introducing forward-looking provisions, the new Act empowers the SEC to foster innovation, protect investors more efficiently and reposition Nigeria as a competitive destination for local and foreign investments.
“We commend all stakeholders within and outside the capital market community for their unwavering solidarity towards the achievement of this historic milestone and solicit their continued collaboration in respect of the effective implementation of the ISA 2025 for the benefit of our economy,” Agama said.
(Daily Trust)
