President Bola Ahmed Tinubu has enacted the Investment and Securities Act 2024, a significant advancement in Nigeria’s capital market reforms.
This new legislation repeals the Investments and Securities Act No. 29 of 2007, aiming to fortify the legal and regulatory framework governing investments and capital market operations in the country.
In a statement on Friday, the Securities and Exchange Commission hailed President Tinubu’s approval of the Investment and Securities Act (ISA) 2024 as a “transformative step” for Nigeria’s capital market.