CMOs (Capital Market Operators) in Nigeria face a digital deadline: they must renew all registrations by January 2026.
The SEC announced that the renewal period runs from January 1 to 31, warning operators that they cannot function without it.
CMOs Face Digital Renewal Deadline
Starting in early 2026, the SEC will process registration applications and updates fully online, replacing slow, paper-based procedures.
Consequently, this digital shift will reduce delays, improve efficiency, and minimise physical interactions between operators and the Commission.
Moreover, SEC Director General Dr Emomotimi Agama explained that these reforms aim to make regulatory processes faster, more transparent, and technology-driven.
Digital Tools Transform Operations
Through the Digital Transformation Portal, CMOs can submit applications, upload documents, and track approval status entirely online.
In addition, the SEC automated Commercial Paper issuance, enabling operators to file documents, monitor progress, and receive approvals electronically.
Early feedback indicates that operators now experience faster turnaround times, fewer administrative bottlenecks, and smoother workflows.
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Looking ahead, the SEC will automate quarterly and annual return submissions using structured templates and system-driven accuracy checks.
Furthermore, the Commission is developing a returns analytics dashboard to support risk-based supervision and promptly identify anomalies.
Technology, Ethics, And Compliance
To support these initiatives, the SEC upgraded IT infrastructure, including servers, networks, and security frameworks.
Some platforms are migrating to the cloud for scalability, while the Commission maintains core systems on-premise until it completes security evaluations.
Dr Agama emphasised that operators must adopt technology responsibly to maintain investor trust, data integrity, and cybersecurity.
He also stressed that all operators, large or small, must use AI and digital tools ethically and in compliance with regulations.
Finally, the SEC will provide training and guidance for smaller operators to ensure safe, active participation in the evolving market.
Ultimately, CMOs must uphold fairness, transparency, accountability, and compliance to protect investors and strengthen Nigeria’s capital market.
