The Securities and Exchange Commission (SEC) will commence a full recapitalisation exercise for all capital market intermediaries from 2026, signalling a major shift in regulatory oversight.
Director-General Dr. Emomotimi Agama announced the plan at the Capital Market Committee meeting in Lagos, stating that the move is central to the Federal Government’s ambition of building a one trillion–dollar economy within the planned timeline.
He noted that the exercise aligns with similar reforms in the banking and insurance sectors, adding that stronger institutions are essential for deepening the investment ecosystem and sustaining investor confidence.
Agama said the new minimum capital requirements will be announced on January 16, 2026, alongside other operational details. He explained that the reforms are designed to drive business consolidation, improve market resilience, enhance innovation, and broaden participation across the financial system.
He emphasised that the SEC has been engaging operators to ensure clarity on the rationale behind the overhaul, urging stakeholders to support the initiative.
According to him, a reinforced intermediary base is critical to strengthening the overall financial market architecture and attracting sustainable investment inflows.
