Securities and Exchange Commission

The Securities and Exchange Commission (SEC) of Nigeria was established in 1979 and is the apex regulatory institution charged with the responsibility of regulating and developing the Nigerian capital market. It is a Federal Government statutory body supervised by the Federal Ministry of Finance.

In regulating the market, the Commission undertakes the following activities meant to protect investors, market operators and also ensures that market integrity is maintained:

• Registration of securities and market intermediaries to ensure that only fit and proper persons/institutions are allowed to operate in the market.
• Surveillance over the exchanges and trading systems in order to forestall breaches of market rules as well as to deter and detect unfair manipulations and trading practices to prevent market disruption.
• Investigation of alleged breaches of the laws and regulations governing the capital market and enforcement of sanctions where appropriate.