{
  "id": 13400886,
  "title": "SEC DG warns shortage of credible issuers could inflate asset prices",
  "url": "https://urgent.news/2026/10/10/sec-dg-warns-shortage-of-credible-issuers-could-inflate-asset-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T11:33:31.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/10/sec-dg-warns-shortage-of-credible-issuers-could-inflate-asset-prices/"
  },
  "original_language": "en",
  "account": "Dr Emomotimi Agama, Director-General of Nigeria's Securities and Exchange Commission (SEC), cautioned on Friday, October 9, 2026, that a scarcity of reliable issuers in Nigeria's capital market could lead to asset price inflation instead of promoting genuine market growth. While addressing the University of Ibadan Alumni Association's 2026 Annual Public Service Lecture in Ibadan, Agama stressed that Nigeria's capital market pattern of consuming resources could be better invested in long-term, income-generating assets. He pointed to the University of Ibadan's historical reliance on external funding as an illustration of the country's broader capital mobilization problem. Agama emphasized that expanding Nigeria's capital market without a corresponding rise in credible institutions seeking investment could create an imbalance, resulting in excessive demand for a limited pool of assets and subsequently price inflation rather than sustainable growth. He stated that the capital market's fundamental challenge lies not only in attracting more investors but also in ensuring the availability of institutions with strong governance, transparent financial records, and credible investment structures. Agama also highlighted the significant increase in retail investor participation, which aims to reach 30 million investors by 2030. He pointed out the necessity of augmenting the supply of credible investment opportunities in tandem with efforts to attract more investors to Nigeria's capital market. The Capital Market Masterplan outlines a strategy for Nigeria's capital market expansion from approximately N250 trillion to N750 trillion. Regulatory reforms seek to enhance market efficiency, draw investment, and boost participation. The Central Securities Clearing System (CSCS) launched the T+1 settlement cycle on June 1, 2026, signifying the transition from the previous two-day settlement framework. The SEC aims to increase retail investor participation while leveraging technology to make Nigeria's capital market more accessible to investors across various income brackets. The company targets participation from up to 10 million Nigerian investors through a technology-driven subscription process integrated with the Bank Verification Number (BVN) system. Agama's warning underscores the importance of simultaneously increasing the supply of investment assets and growing retail participation to address market liquidity concerns.",
  "summary": "The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has warned that a shortage of credible issuers in Nigeria’s capital market could drive up the prices of existing assets rather than support genuine market development. The post SEC DG warns shortage of credible issuers could inflate asset prices appeared first on Nairametrics .",
  "key_points": [
    "Nigeria's SEC warns insufficient credible issuers may cause asset price inflation",
    "Dr Emomotimi Agama emphasizes need for long-term, income-generating assets",
    "Capital market masterplan aims to expand market from N250 trillion to N750 trillion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}