SEC Nigeria and Rwanda Sign MoU for Market Collaboration

On Monday in Abuja, Dr. Emomotimi Agama, the Director General of the Securities and Exchange Commission Nigeria, called for enhanced collaboration among African markets to ensure stronger interconnectivity and the development of new products. This statement was made during the signing of a memorandum of understanding (MoU) with the Capital Market Authority of Rwanda.

The MoU aims to foster cooperation in various areas, including investor education, capital market development, exchange information, regulatory market development, capacity building, technical assistance, and supervisory matters of mutual interest. Agama highlighted the importance of cooperation in fostering confidence and innovation in market development while supporting regional and international engagement.

He noted the need for African markets to grow and emphasized the role of capital markets in economic development, improving the quality of life for citizens. Mr. Romeo Ngarambe, the Chief Executive Officer of the Capital Market Authority Rwanda, expressed delight in the relationship between the two regulatory bodies and the potential for mutual learning and advancement in capital markets.