The Securities and Exchange Commission has announced plans to unveil two new products, a USSD Service and ISS Audio, aimed at making information more accessible and improving investor engagement in Nigeria’s capital market. In a statement released on Wednesday, the Commission confirmed that the launch will take place during the Capital Market Committee meeting scheduled for next Monday at the Federal Palace Hotel in Victoria Island, Lagos.
According to the SEC, the upcoming CMC meeting will focus on major issues affecting the growth and sustainability of Nigeria’s capital market. The statement noted that discussions will examine “global macroeconomic dynamics and their transmission effects on domestic financial markets,” as well as the need to strengthen cross-border financial integration within Africa.
The Commission explained that other important topics include unlocking pension fund investments, improving market liquidity, and encouraging innovation through targeted regulatory reforms. It added that a major part of the programme will review the progress of the Capital Market Master Plan. The SEC said this will include a detailed look at achievements so far and “the formal sunset of the 2025 CMMP, alongside the articulation of a strategic framework for the 2030 CMMP Plan.”
The agenda will also feature an analytical session on Nigeria’s recent tax reform legislation and how it affects market efficiency and investor confidence. The SEC noted that “collectively, these discourses and initiatives underscore the strategic resolve to reposition the Nigerian capital market as a catalyst for inclusive and sustainable economic growth, consistent with national development objectives and global best practices.”
The CMC is made up of the SEC, market operators, trade groups, and other stakeholders. It serves as an important platform for discussions, idea sharing, and resolving challenges affecting market development. The committee was created to enable industry participants to exchange views and provide feedback to the SEC for continuous improvement of market operations and regulation.
The upcoming meeting is expected to attract CEOs from all registered market firms, including brokers and dealers, investment advisers, custodians, fund managers, and portfolio managers. The Commission believes the event will help shape future policies for strengthening Nigeria’s capital market.
