The Securities and Exchange Commission is making everyone renew their licenses in January 2026. SEC Director General Dr. Emomotimi Agama laid out this new rule alongside a wider push for digital processes. The goal is to update their systems and build more trust in Nigeria's markets.
A major part of this shift involves moving all registration and application work online, starting early that year. Agama said their new portal already automates licensing from start to finish, letting firms upload docs and check status without an in-person visit. They also launched a module for electronic Commercial Paper applications, which has cut down wait times. Next, they plan to automate how operators file their quarterly and annual reports.
Behind these changes, the commission is upgrading its whole tech foundation. They are moving some systems to the cloud for scalability, but keeping core internal stuff on local servers for now. Agama stressed that cybersecurity and data protection are top priorities, with vulnerability checks and planned penetration tests. He warned that while innovation like AI is important, firms have to use it responsibly. He argued that safeguarding investor information and preventing market abuse are absolute requirements for keeping everyone's trust.
Agama admitted the full digital transition needs careful planning. He called for clear policies on new tech and extra support for smaller operators. Educating younger investors is also key to driving adoption. His final point was that responsible technology use will protect the system's stability and make the Nigerian market more credible in the long term.
A major part of this shift involves moving all registration and application work online, starting early that year. Agama said their new portal already automates licensing from start to finish, letting firms upload docs and check status without an in-person visit. They also launched a module for electronic Commercial Paper applications, which has cut down wait times. Next, they plan to automate how operators file their quarterly and annual reports.
Behind these changes, the commission is upgrading its whole tech foundation. They are moving some systems to the cloud for scalability, but keeping core internal stuff on local servers for now. Agama stressed that cybersecurity and data protection are top priorities, with vulnerability checks and planned penetration tests. He warned that while innovation like AI is important, firms have to use it responsibly. He argued that safeguarding investor information and preventing market abuse are absolute requirements for keeping everyone's trust.
Agama admitted the full digital transition needs careful planning. He called for clear policies on new tech and extra support for smaller operators. Educating younger investors is also key to driving adoption. His final point was that responsible technology use will protect the system's stability and make the Nigerian market more credible in the long term.
