Abuja, Nigeria – Nigeria’s Securities and Exchange Commission (SEC) has met with over 500 fintech companies. The goal is to balance new technology with strong investor protection in the country’s capital market.
Okay News reports that the Commission held its first Regulator/Fintech Clinic in Abuja. The event brought together fintech operators, regulators, and market stakeholders to discuss digital financial products and how to govern them.
Nigeria’s digital finance sector is growing fast. More people now have access to financial services and investment options. However, the Commission says this growth must follow rules that keep investors safe.
The rise of fintech has created new risks. Many unregistered investment platforms have appeared. To address this, the Commission is studying how these firms work and what products they offer.
Director-General Emomotimi Agama said the goal is simple. “We want to align innovation with integrity, growth with governance, and technology with trust.”
Executive Commissioner Bola Ajomale added that the Commission needs to understand what these firms are bringing to market. Only then can it create proper rules.
The Clinic will help clarify new rules under the Investments and Securities Act 2025. This law gives the Commission more power to oversee digital investment platforms.
Agama said early talks with firms prevent costly mistakes. Building compliance into products from the start works better than fixing problems later.
Nigeria’s fintech sector has grown rapidly. Mobile technology, digital payments, and online investment platforms drive this growth. The Commission created a fintech department in 2018 to track new technologies.
In 2021, it introduced crowdfunding rules. These help small businesses raise money while protecting investors. The Commission says fintech innovation needs strong governance to maintain trust.
Agama stressed that the Clinic is about dialogue, not punishment. Fintech firms should see regulation as a chance to improve their business models and follow market rules.
 has met with over 500 fintech companies. The goal is to balance new technology with strong investor protection in the country's capital market.){kind=link}