• Home
  • SEC unveils centralized platform to…

SEC unveils centralized platform to boost collaboration across agencies

New SEC regulation to enhance transparency in bank recapitalization

The Securities and Exchange Commission has unveiled the Regulatory Hub, a centralized digital platform aimed at enhancing collaboration, tightening oversight, and boosting transparency across Nigeria’s financial and capital markets.

The Commission announced the development in a statement on its website.

According to the SEC, the platform links major regulatory and security bodies—including the Office of the National Security Adviser, the Central Bank of Nigeria, the Economic and Financial Crimes Commission, the Federal Inland Revenue Service, and the Corporate Affairs Commission, allowing them to share information securely and in real time.

The launch of the regulatory hub comes ahead of new tax laws taking effect in January 2026, with agencies such as the FIRS expanding their oversight across sectors to ensure compliance.

SEC Director-General Emomotimi Agama said the initiative represents a major step toward modernizing Nigeria’s regulatory framework through technology.

“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.

The SEC noted that the platform will help eliminate bottlenecks in regulatory procedures and support faster, better-informed decision-making across agencies.

Echoing the DG’s remarks, Executive Commissioner for Operations, Bola Ajomale, underscored the operational advantages the new system will deliver.

“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.

The Commission added that the Regulatory Hub will advance its wider mandate to bolster investor protection, promote market stability, and harmonize regulatory activities across the financial sector.