SEC Nigeria Pushes for Stronger African Capital Market Collaboration as Nigeria and Rwanda Sign New MoU
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African financial markets, calling for stronger cooperation that will boost cross-border investment, innovation, and long-term economic growth across the continent. The appeal came during a high-level engagement in Abuja, where Nigeria and Rwanda formalized a new partnership.
The Director-General of SEC Nigeria, Dr. Emomotimi Agama, made the call on Monday during the signing of a Memorandum of Understanding (MoU) between SEC Nigeria and the Capital Markets Authority (CMA) of Rwanda. The agreement focuses on regulatory cooperation, investor education, capacity building, information sharing, and joint supervision of capital market activities.
Under the MoU, both regulators agreed to strengthen collaboration in key areas such as market development, enforcement coordination, and technical assistance. The partnership is also aimed at building investor confidence and improving the overall efficiency and transparency of African capital markets.
Dr. Agama emphasized that Africa must take greater ownership of its financial future by strengthening internal economic ties and encouraging investment within the continent. He described the capital market as a central driver of economic development, especially for financing long-term infrastructure projects and wealth creation.
On his part, the Chief Executive Officer of Rwanda’s CMA, Romeo Ngaranbe, welcomed the partnership, noting that Rwanda is eager to learn from Nigeria’s more developed capital market system. He expressed optimism that the collaboration would accelerate growth, improve regulatory standards, and deepen investor participation across both markets.
source: punch