Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, says fintech apps, whose main users are young Nigerians, are now driving capital market growth.
He made the assertion when he was featured on Moneyline with Nancy.
According to him, early indicators show a new wave and a new interest driven largely by young Nigerians leveraging fintech investment apps.
Agama said interest from younger investors has been growing in recent times, fueled by the adoption of mobile trading platforms that simplify access to stocks and other capital market instruments.
He stated that the commission will publish fresh data on retail investor participation in Nigeria’s capital market by the end of 2026 to provide detailed insights into this demographic shift and its implications for market growth.
The director-general attributed the market’s recent surge to regulatory reforms, presidential support, and a focused commitment by the SEC to build a stronger and more accessible capital market.
He further disclosed that a nationwide survey on investor behavior is currently underway.
Agama also pointed out the strong performance of the market, noting that the Nigerian Exchange All-Share Index has surpassed 250,000 points, the highest in history.
Market capitalization has climbed to N161 trillion, up from N55 trillion when the current SEC leadership took office—a nearly threefold increase.
