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SEC Unveils USSD Code, ISS Audio To Deepen Market Accessibility

By Sunday Etuka

In furtherance of its commitment to deepening market accessibility, the Securities and Exchange Commission (SEC) is set to unveil two innovative products: a USSD Service and ISA Audio, designed to democratize information dissemination and enhance investor engagement.

The Commission disclosed in a statement on Wednesday that the products would be unveiled at its forthcoming Capital Market Committee (CMC) meeting scheduled for December 8, 2025 in Lagos state.

The SEC disclosed that the Committee would interrogate critical themes germane to the sustainable development of Nigeria’s capital market. Adding that central to these deliberations include discussion on global macroeconomic dynamics and their transmission effects on domestic financial markets, as well as the importance of cross-border financial integration within the African context.

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“Equally salient are discourses on unlocking pension fund investments, enhancing market liquidity, and stimulating innovation through targeted regulatory reforms.

“A significant component of the programme will be devoted to evaluating the trajectory of the Capital Market Master Plan (CMMP). This will encompass a comprehensive review of key achievements and the formal sunset of the 2025 CMMP, alongside the articulation of a strategic framework for the 2030 CMMP Plan” the Commission stated.

Furthermore, the agenda incorporates an analytical session on Nigeria’s recent tax reform legislation and its implications for capital market efficiency and investor confidence.

The SEC said, Collectively, these discourses and initiatives underscore the strategic resolve to reposition the Nigerian capital market as a catalyst for inclusive and sustainable economic growth, consistent with national development objectives and global best practices.

The CMC is an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders.

It serves as a pivotal platform for dialogue, facilitates the exchange of ideas, addresses key issues impacting market growth and organisation, and collaborates on shaping the market’s future.

The committee was established primarily as a means for stakeholders to exchange ideas and provide feedback to the SEC, aiding in the continuous improvement of market operations and regulatory frameworks.

The meeting is expected to draw CEOs from all registered capital market firms, including brokers/dealers, investment advisers, custodians, fund/portfolio managers, and more.

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