SEC to Intensify Market Enforcement in 2026 under ISA 2025 — Boosting Investor Confidence
The Securities and Exchange Commission (SEC) has revealed plans to step up enforcement of market regulations in 2026, following the enactment of the Investments and Securities Act (ISA) 2025. Speaking on the Commission’s priorities, Director-General Dr. Emomotimi Agama emphasized that the updated law gives the SEC broader powers to supervise and regulate Nigeria’s capital market, aiming to enhance investor confidence and maintain market integrity.
Dr. Agama outlined that the Commission will use its strengthened enforcement framework to tackle insider trading, fraudulent investment schemes, and other market abuses. “With the enactment of the Investments and Securities Act 2025, the Commission’s supervisory and enforcement framework has been strengthened. In 2026, we will continue to apply these powers firmly and impartially,” he stated. He added that enforcement will follow due process and the rule of law, ensuring consistency and predictability for market participants.
Beyond enforcement, the SEC plans to modernize regulatory processes through digitalization. This includes streamlined approvals, automated filings, and improved disclosure processes to reduce frictions, increase efficiency, and enhance market transparency. The Commission also intends to implement higher disclosure standards, including environmental, social, and governance (ESG) reporting, while reviewing the governance and capitalization of market intermediaries to ensure financial resilience.
Investor protection remains a key focus, particularly for retail investors and small and medium-sized enterprises (SMEs). Dr. Agama highlighted that regulation will aim to balance wider market access with strong safeguards. “We will regulate not to stifle, but to catalyze. We will enforce not to punish, but to protect and build trust,” he said, emphasizing the SEC’s commitment to supporting Nigeria’s economic transition while maintaining market discipline.
In addition, the SEC plans to launch a nationwide financial literacy program in 2026 to improve investor awareness and reduce vulnerability to fraud. Combined with stronger enforcement, digitalized operations, and enhanced disclosure standards, these initiatives are designed to create a more efficient, resilient, and trustworthy capital market for all participants.
source: vanguard