Nigeria’s Securities Firms Call for Collaborative Regulation and Faster Dispute Resolution
Nigeria’s securities market operators are advocating for a new regulatory approach that emphasizes collaboration and speedy dispute resolution, citing the negative impact of overlapping rules and prolonged conflicts on investor confidence and market efficiency. Sehinde Adenagbe, chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), highlighted the urgent need for consultative policymaking that reflects real market conditions. “Regulation is essential for market stability, but it must be collaborative, especially on broker operations, cross-border transactions, and capital incentives,” Adenagbe said.
Adenagbe also raised concerns about the slow dispute-resolution processes, which he said undermine trust among retail and institutional investors. ASHON plans to work closely with regulators to streamline mediation channels, clarify escalation procedures, and ensure investors receive timely and fair hearings. The association’s proactive approach aims to build confidence and foster a more predictable and secure trading environment.
On the topic of stockbroking recapitalisation, Adenagbe urged regulators to adopt a phased and practical implementation to prevent disruption. He called for clear timelines, transparent guidelines, flexible compliance windows, and supportive measures such as reduced fees and low-interest financing. According to him, careful stakeholder engagement will ensure recapitalisation strengthens the market without stifling growth.
The call for reform comes after a record-setting year for the Nigerian Exchange Limited (NGX), which saw the All-Share Index rise 51.19% in 2025, reaching 155,613.03 points. Adenagbe attributed this success to improved investor confidence, macroeconomic adjustments, structural reforms, and Nigeria’s removal from the FATF grey list. However, he emphasized that macroeconomic instability, inconsistent policies, and gaps in financial literacy continue to pose challenges for attracting long-term capital.
Looking ahead, ASHON aims to leverage technology, modernize trading infrastructure, and strengthen investor education. Initiatives include fintech partnerships, AI-driven risk management, capacity-building programs, and streamlined onboarding processes for investors. Adenagbe stressed that consistent policies, collaborative regulation, and credible enforcement mechanisms will be critical to sustaining momentum, positioning Nigeria’s capital market as a reliable avenue for long-term investment.
source: The Sun