SEC DG OUTLINES OUTLOOK FOR CAPITAL MARKET IN 2025…
The Securities and Exchange Commission (SEC) has disclosed that banks and other companies have raised over N2.7 trillion from the capital market this year. This figure, which includes equity capital, excludes the amount raised by fund managers in the capital market.
According to the SEC Director-General, Dr. Emomotimi Agama, banks alone raised about N1.7 trillion during the recapitalization exercise ordered by the Central Bank of Nigeria (CBN). This exercise has enhanced financial stability, bolstered investor confidence, and improved the Nigerian economy.
The SEC has also made significant progress in registering Capital Market Operators (CMOs), including on-boarding FinTechs under the Commission’s Regulatory Incubation Programmes (RIP and ARIP). This effort ensures that the regulatory framework is inclusive and forward-looking.
In addition, the SEC has reduced the time-to-market for companies to just 14 days, a significant improvement from the previous average of 90 days. This achievement is a testament to the Commission’s commitment to improving the capital market in Nigeria.
The SEC has also unveiled its 2025 outlook, which emphasizes enhancing market transparency and confidence, leveraging financial technology to drive inclusion and innovation, and strengthening collaboration with domestic and international stakeholders to maintain financial stability.
The SEC’s revelation that banks and other companies have raised over N2.7 trillion from the capital market this year is a positive indication of the market’s growth potential. The Commission’s efforts to enhance transparency and confidence, leverage financial technology, and strengthen collaboration with stakeholders will be crucial in maintaining financial stability and driving growth in the capital market.
The reduction in time-to-market for companies is a significant achievement that will improve the ease of doing business in Nigeria. The SEC’s commitment to implementing its Revised Capital Market Masterplan (2021-2025) will also be essential in driving growth and development in the capital market.
