INVESTMENT AND SECURITIES ACT 2025
Act · Trade
Policy date: 2025-01-01
An Act regulates Nigeria's capital market, protecting investors and covering modern markets including digital assets. It targets investors, issuers, capital market operators, and regulators to ensure transparency and global competitiveness. This makes the market safer and more attractive for investments.
What Is This Policy?
Investment and Securities Act, 2025, is Nigeria’s new capital market law, designed to protect investors, regulate modern markets including digital assets
Who Does It Target?
The ISA 2025 targets investors, issuers, capital market operators, regulators, and consumers, ensuring Nigeria’s capital market is transparent, modern, and globally competitive.
What Does It Aim to Achieve?
It aims to make Nigeria’s capital market safer, more modern, globally competitive, and better able to attract investment while protecting investors.
Key Features
Digital & Innovative Securities Regulation : Provides a framework for crowdfunding, fintech platforms, blockchain-based securities, and digital assets. Investor Protection Mechanisms: Establishes an Investor Protection Fund to compensate investors in cases of fraud or operator default. Market Integrity & Risk Management: Stronger rules against insider trading, market manipulation, and abuse.
Current Status
Rollout Stage: early rollout stage Coverage: applies nationwide Beneficiaries to Date: investors, capital market operators and issuers Funding: Federal Government allocations (via ministry of finance)
How to Access
Official gazette LawGlobal hub & legal repositories
Important Terms
Term 1- Investor Protection Fund (IPF): A statutory fund established under ISA 2025 to compensate investors who suffer losses due to fraud, insolvency, or default by capital market operators. Term 2- Digital Assets as Securities: ISA 2025 legally recognizes digital assets (cryptocurrencies, blockchain-based tokens, crowdfunding instruments) as securities, bringing them under SEC regulation.
Official Resources
Websites SEC Nigeria: https://sec.gov.ng LawGlobal Hub (ISA 2025 text): https://lawglobalhub.com Law Nigeria (ISA 2025 text): https://lawnigeria.com 📞 Contact Information (SEC Nigeria) Headquarters Address: SEC Tower, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja, F.C.T., Nigeria. Phone: +234 (0) 9 462 1160
Legal Framework
The Investments and Securities Act 2025 is the primary capital markets legislation in Nigeria, superseding the Investments and Securities Act 2007. It operates under the 1999 Constitution (Second Schedule — capital markets on the Exclusive Legislative List), the Central Bank of Nigeria Act 2007, and the Companies and Allied Matters Act 2020. The Act aligns with IOSCO Principles for Securities Regulation, the Financial Action Task Force (FATF) standards on securities law enforcement, and ECOWAS capital market integration frameworks.