Do you know the two sectors in Nigeria helping to drive capital market growth in the country?
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, just made the revelation, while speaking at Moneyline with Nancy programme.
According to him, the two are fintech apps, and the growing number of young Nigerians, using them.
Referring to the growth of younger investors in the country, as well as the adoption of mobile trading platforms, he said these have simplified access to stocks trading fueling capital market growth.
“One of the things we will do at the year-end, 2026, is to provide new data”, he said.
“That survey is happening now, so it will be premature to give you information. But beyond all of that is the fact that there is a new wave and a new interest in the Nigerian capital market, and that we must sustain,” he added
On the performance of the capital market, the SEC DG said the Nigerian Exchange All-Share Index has climbed to its highest, surpassing 250,000 points.
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These have climbed on the back of regulatory reforms, presidential backing, and SEC’s commitment to enhancing capital market access.
“One of the things we will do at the year-end, 2026, is to provide new data. That survey is happening now, so it will be premature to give you information. But beyond all of that is the fact that there is a new wave and a new interest in the Nigerian capital market, and that we must sustain,” Agama said.
“Prior to this time, the information that was available suggested that not so many people were investing in the market. That is the old story. It’s completely changing,” he said.
On fintech adoption, the SEC DG informed that more than 30 investment apps are now active, with young Nigerians investors factors in the capital market growth.
Agama also spoke on Nigeria recent transition from T+5 to T+1 six months adding:
“For the simple Nigerian investor, this means that when you do a transaction today, the trading day (T), in one day after that, you get your money.
“It allows for faster reinvestment, increased liquidity, and higher earning potential”.
