The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Mr. Emomotimi Agama, says that the commission has unveiled the technology adoption assessment survey for registered capital market operators (CMO) as part of efforts to deepen innovation and efficiency in the Nigerian capital market.
Speaking on the technology, Mr, Agama urged the stakeholders to embrace the technology as a catalyst for growth, improved transparency, operational efficiency, and market resilience.
He noted that the Commission recognises the emergence of new financial products and services driven by technological advancements, and remains committed to adapting its regulatory framework to meet the evolving needs of the market.
According to him,, the Commission’s approach to innovation is anchored on three pillars: investor safety, market deepening, and problem-solving aimed at building a robust and efficient capital market ecosystem.
Agama also highlighted the Commission’s Regulatory Incubation Programme, which allows fintech startups to operate within a controlled environment for one year while appropriate rules are developed to govern their activities.
He explained that the programme is part of the SEC’s broader strategy to support innovation while safeguarding market integrity and investor interests.
Meanwhile, a circular issued by the Commission on Wednesday said that the exercise was designed to evaluate the level of adoption of advanced technologies among CMOs operating within the Nigerian capital market.
“The following technology adoption survey is designed by the Commission to assess the adoption of advanced technologies among registered Capital Market Operators.”
The SEC directed all registered operators to log into the e-portal at using their current access credentials to complete the survey. The exercise will run for two weeks, from 5 to 20 May 2025.
GIK/APA