SEC DG Agama Pledges to Boost Investor Confidence in Nigeria's Capital Market

Emomotimi Agama, the Director-General of the Securities and Exchange Commission (SEC), reiterated the SEC's commitment to enhancing transparency and investor confidence in Nigeria's capital market. Agama emphasized the importance of aligning the Nigerian market with international best practices in financial reporting and sustainability.

The SEC's transition to mark-to-market valuation of assets aims to ensure fair reporting and build trust among investors. Agama highlighted the collaborative approach with market operators to implement new regulations smoothly.

The SEC set a deadline for institutions to submit their implementation plans by October 2025, with a target for full transition to IFRS 9 standards by September 2027.