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The Securities and Exchange Commission (SEC) has significantly streamlined its capital market approval process, reducing the timeline for companies raising capital from over a year to just 14 days. This move is expected to enhance market efficiency, boost investor confidence, and accelerate economic growth.
Speaking in Abuja, SEC Director-General Dr. Emomotimi Agama emphasized the importance of this reform in strengthening Nigeria’s financial markets.
“Since assuming office, we have prioritized economic growth by addressing one of the biggest bottlenecks in the system—delayed approvals for issuers. Today, we have successfully cut the approval time to just two weeks,” Agama stated.
Impact on Banking Recapitalization and Market Growth
The banking recapitalization exercise has already demonstrated the effectiveness of these regulatory improvements, with banks raising over N2.2 trillion from the Nigerian capital market through the e-offering platform. Dr. Agama assured that issuers faced minimal delays, thanks to enhanced compliance mechanisms and efficient processing frameworks implemented by the SEC.
By significantly reducing approval timelines, the SEC is reinforcing regulatory efficiency, market transparency, and investor protection—key factors in fostering a resilient and competitive capital market. This initiative aligns with broader efforts to modernize Nigeria’s financial ecosystem and drive sustainable economic development.
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