In order to improve investor safety and fortify the legal foundation of the Nigerian capital market, President Bola Tinubu has signed the Investment and Securities Bill (ISB) 2025 into law.
In a statement released on Saturday, the Securities and Exchange Commission (SEC) said Tinubu had signed the measure.
The National Assembly forwarded the law to Tinubu for his signature on February 18.
The Investments and Securities Act No. 29 of 2007 is repealed and replaced with the Investments and Securities Act 2025, according to the SEC.
The Act adds revolutionary elements to align Nigeria’s market operations with global best practices, according to the statement, which was signed by Efe Ebelo, head of the SEC’s external relations section.
“This landmark legislation strengthens the legal framework of the Nigerian capital market, enhances investor protection, and introduces critical reforms to promote market integrity, transparency, and sustainable growth,” Ebelo said.
“The enactment of the ISA 2025 reaffirms the authority of the SEC as the apex regulatory authority of the Nigerian Capital Market as well as to regulate the market to ensure capital formation, the protection of investors, and maintenance of fair, efficient and transparent market and reduction of systemic risks.”
Also, Emomotimi Agama, director-general (DG) of the SEC, said the ISA 2025 reflects the commission’s commitment to building a dynamic, inclusive, and resilient capital market.

“By addressing regulatory gaps and introducing forward-looking provisions, the new Act empowers SEC to foster innovation, protect investors more efficiently and reposition Nigeria as a competitive destination for local and foreign investments,” Agama said.
“We commend all stakeholders within and outside the capital market community for their unwavering solidarity towards the achievement of this historic milestone.
“We solicit their continued collaboration in respect of the effective implementation of the ISA 2024 for the benefit of our economy.
“SEC extends its profound appreciation to the National Assembly for its patriotism and dedication in enacting this new legal framework for the Nigerian capital market.
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“The meticulous deliberations, extensive stakeholder engagements, and bi-partisan support demonstrated throughout the legislative process highlight the National Assembly’s resolve to foster economic growth and enhance investor confidence.
“We also commend the Honourable Minister of Finance and Coordinating Minister of the Economy of Nigeria as well as the Minister of State for Finance for their invaluable contributions to the realisation of this groundbreaking project.
“Their strategic guidance, policy expertise, and steadfast support have ensured that the ISA 2024 aligns with Nigeria’s broader economic objectives.
“The SEC would continue to engage with market operators, investors, and all stakeholders to ensure a seamless transition from the repealed ISA 2007 to the new legal regime established under the ISA 2024.”