New Securities Act To Boost Transparency, Market Confidence-Stakeholders
The recently enacted Investment and Securities Act (ISA) 2024 has been widely praised by key stakeholders in Nigeria’s financial markets, who describe it as a transformative step towards improving investor protection, strengthening regulatory oversight, and modernizing the capital market.
The Act, which was signed into law by the federal government, is expected to foster transparency, efficiency, and stability in the financial sector while expanding investment opportunities for both local and global investors.
The 13th President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, reacting to the development in an interview, commended the government for its commitment to advancing the capital market.
He emphasized that the new law underscores the collective dedication of market professionals to economic development.
According to Dada, the ISA 2024 will enhance market integrity, boost investor confidence, and create a more robust financial ecosystem that aligns with global best practices.
Similarly, the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Sam Onukwue, described the Act as a game-changer for the capital market.
He noted that the ISA 2025 introduces crucial reforms aimed at reinforcing regulatory oversight and investor protection.
Onukwue expressed optimism that the law would restore the confidence of market stakeholders and drive significant growth.
He further highlighted the diversification opportunities it offers, as it expands the market beyond traditional equities and fixed income instruments.
Echoing these sentiments, the Managing Director of NASD, Eguarekhide Longe, welcomed the enactment of the ISA 2025, stating that it aligns with the evolving needs of the capital market.
He emphasized that investor protection has always been a priority and that the new law provides a framework to address emerging concerns, such as fraud detection and the recognition of virtual assets as securities.
Longe believes that the strengthened regulatory structure will support the integration of digital investment products, making the market more accessible to younger generations.
The Managing Director of the Lagos Commodities and Futures Exchange (LCFE), Akin Akeredolu-Ale, also lauded the passage of the new law, noting that it reinforces the understanding that the capital market serves as a key barometer of the economy.
He stressed that a strong legal framework is essential for the market’s sustained growth and overall economic development.
Akeredolu-Ale acknowledged the efforts of regulatory authorities and expressed confidence in their ability to implement the law effectively.
With the enactment of the ISA 2024 and ISA 2025, industry leaders anticipate a more resilient, transparent, and investor-friendly capital market.
The reforms embedded in the legislation are expected to not only attract more investments but also establish Nigeria as a competitive player in the global financial landscape.
New Securities Act To Boost Transparency, Market Confidence-Stakeholders is first published on The Whistler Newspaper
