The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Emomotimi Agama, has been re-elected as Vice Chair of the Africa/Middle-East Regional Committee of the International Organisation of Securities Commissions (IOSCO) for a second term covering 2026–2028.
The SEC disclosed the development in a statement issued Tuesday, March 24, noting that the appointment was confirmed by IOSCO.
It stated that the re-election underscores what the commission described as growing international recognition of Nigeria’s capital market and its strategic role within Africa and Middle East region.
It also reflects continued confidence among peer regulators in Nigeria’s leadership and regulatory progress.
By retaining the AMERC vice chair position, Nigeria will continue to hold a seat on the IOSCO Board.
The board is the top policy-making body responsible for setting global standards, shaping regulatory frameworks, and advancing cross-border cooperation in securities markets.
The SEC said the role strengthens Nigeria’s influence in international financial market discussions and ensures its priorities are represented in decisions affecting global capital markets.
According to Agama, beyond representation, the role enhances Nigeria’s ability to contribute meaningfully to global regulatory dialogue, particularly in areas such as enforcement cooperation, market integrity, and investor protection.
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“It creates a stronger platform for collaboration with other jurisdictions on cross-border regulatory issues, including tackling illicit financial flows and strengthening supervisory frameworks.
“The role further supports ongoing efforts to align Nigeria’s capital market with international best practices, fostering greater investor confidence and facilitating increased participation in global financial markets, he said.
He added, “Ultimately, this milestone reinforces Nigeria’s position as a leading voice in regional and global capital market development. It is expected to contribute to building a more resilient, transparent, and robust capital market ecosystem, not only within Nigeria but across the broader Africa and Middle East region.
“SEC Nigeria remains committed to leveraging this opportunity to advance regulatory excellence, deepen market integration, and support sustainable economic growth.”
Pinnacle Daily reports that IOSCO, established in 1983, is the global standard-setter for the securities industry and serves as the leading international policy forum for securities regulators, with members overseeing more than 95 per cent of the world’s securities markets across over 100 jurisdictions.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
