Nigeria’s SEC says companies raise N446bn through capital market in 4 months

…Unveils ISA 2025, new SEC website

Nigerian companies actively tapped into the capital market in early 2025, raising approximately N446 billion between January and April.

Emomotimi Agama, Director General, Securities and Exchange Commission (SEC) noted this at the Capital Market Committee (CMC) meeting on Monday in Lagos.

Agama said the capital was sourced through a combination of fixed income instruments and equities, demonstrating the market’s role in facilitating corporate fundraising.

Most companies raised capital through the debt market, with N265.90 billion raised through fixed income instruments, while N180.48 billion was mobilized via equities.

At the event, Wale Edun, Minister of Finance and Coordinating Minister of the Economy unveiled the ISA Act of 2025.

Agama said that the enactment of the Investment and Securities Act (ISA) 2025 marks the beginning of a transformative new era for the capital market.

The SEC boss noted that the Commission has constituted an implementation team to thoroughly engage with every provision of the ISA 2025 and set up a dedicated sensitization team to deepen public understanding of the new law.

“A podcast series has also been launched to simplify the ISA 2025 and make it accessible to all Nigerians,” he said.

He also noted the Commission’s efforts to enhance regulatory efficiency, promote market integrity, and protect investors.

Read also: From narrative to destination: Nigeria’s Capital market at an inflection point

Edun has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy.

Edun, who was represented by Minister of State for Finance, Doris Uzoka-Anite, said the capital market has transformed since 2015, with improvements in governance structures, new products and platforms, a stronger regulatory environment, and growing investor participation.

According to the Minister, the Implementation of the Capital Market Master Plan (2015-2025), has been instrumental in increasing the market’s contribution to the national economy, developing a sophisticated market structure, and improving competitiveness.

Edun said the revised plan prioritizes digitalization, innovation, sustainability, inclusion, and capital formation, aligning with the broader economic reform agenda. He said the passage of the new act modernises the legal and regulatory framework, streamlines enforcement mechanisms, and provides clarity on emerging areas such as digital assets and crowdfunding.

The Minister added that, the market is expected to contribute to the economy, serving not only for capital raising but also as a vehicle for wealth creation, economic inclusion, and long-term national resilience.