SEC Nigeria launches e-registration

The Securities and Exchange Commission (SEC) of Nigeria has commenced the implementation of a fully electronic registration (e-Registration) platform for capital market operators. The platform, deployed through the SEC's ePortal, allows Capital Market Operators (CMOs) to complete designated post-registration processes entirely online, including application submission, regulatory review, approvals, and communication of decisions. The initiative aims to eliminate manual processing, reduce administrative bottlenecks, shorten processing timelines, and provide applicants with real-time visibility into application status. The rollout is phased, initially covering only post-registration services for existing CMOs; new entrant registration will be added later. The SEC states that the digital system will enhance operational efficiency, strengthen regulatory oversight through standardized workflows and secure digital record management, and improve the quality of regulatory data for decision-making. This reform is part of the SEC's broader agenda to modernize Nigeria's capital market infrastructure, improve transparency, and boost investor confidence.