In a major regulatory shift, the Securities and Exchange Commission, SEC, has served notice of recapitalisation for all capital market intermediaries in 2026.
Dr Emomotimi Agama, the commission’s Director-General, at the Capital Market Committee meeting on Monday, said the initiative formed part of wider strategies aimed at helping the Federal Government realise its one trillion-dollar economy aspiration within the set timeline.
Agama noted that the recapitalisation programme aligned with significant reforms already executed in the banking and insurance sectors over the past two decades.
He said the commission believed stronger institutions were vital to expanding the nation’s investment landscape and sustaining investor confidence in the market.
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“A stronger capital market is essential to supporting economic growth and long-term investment flows,” he said, stressing the urgency of regulatory strengthening.
He added that the planned exercise would encourage business consolidation, improved market resilience, enhanced innovation and broader participation across the financial sector.
According to him, the reforms were crafted to position Nigeria’s capital market as more globally competitive and capable of attracting sustainable investment inflows.
“By Jan. 16, 2026, the minimum capital requirements for capital market intermediaries will be announced, along with other key details,” he said.
He emphasised that the SEC had maintained active consultations with operators to ensure they fully understood the rationale behind the impending changes.
Agama urged stakeholders to support the initiative, describing it as a necessary step toward a stronger, better regulated and more efficient market environment.
He said a reinforced intermediary base would play a central role in strengthening the entire financial ecosystem and boosting Nigeria’s economic prospects. NAN
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