Banks, Insurance coverage, Different Corporations Raised N4.1tn From Capital Market In 16 Months

…Twelve Banks Raised Over ₦2tn Forward Recapitalization Deadline

…SEC Approves 11 Merger & Acquisitions Value Over ₦320.36bn

Inside a interval of 16 months overlaying January 2024 and April 2025, the Securities and Change Fee authorised the elevating of N4.12tn by banks, insurance coverage and different firms from the capital market.

A breakdown of the quantity confirmed that ₦3.68tn was raised in new points in 2024, signalling sturdy investor confidence and robust momentum in Nigeria’s capital market.

The Director Normal of the SEC, Dr Emomotimi Agama, gave the figures whereas talking on the 1st Capital Market Committee (CMC) Assembly of 2025 in Lagos on Monday.

Agama disclosed that the authorised points included ₦3.62trn in equities and ₦59.82bn in fixed-income devices, underlining the rising urge for food for fairness investments within the Nigerian capital market.

He additional revealed that between January and April 2025, the Fee had already authorised ₦446.38bn in new points. Of this, ₦265.90bn was raised via fixed-income devices, whereas ₦180.48bn got here by way of fairness choices.

“These figures mirror sustained exercise available in the market, notably as issuers proceed to leverage each the debt and fairness segments to finance progress and funding,” Agama mentioned.

The SEC boss additionally highlighted main developments in mergers and acquisitions. In 2024, he mentioned the Fee authorised 11 mergers and acquisitions transactions with a complete worth of ₦320.36bn, the biggest of which was the ₦103.7bn acquisition of a 58.02 per cent stake in Guinness Nigeria Plc by N Seven Nigeria Restricted.

In the identical 12 months, the Fee authorised three company restructuring transactions, two share capital reconstructions, one takeover, and 4 safety registrations.

Noteworthy amongst these was the ₦105bn restructuring scheme involving Flour Mills of Nigeria Plc and the ₦5.08bn share consolidation by Transnational Company Plc.

In 2025, the SEC has authorised three main transactions—two takeovers and one company restructuring—value a mixed ₦38.53bn.

Whereas no mergers have been recorded but this 12 months, Agama famous that strategic realignments throughout sectors proceed to drive capital market exercise.

Agama additionally reported substantial progress within the asset administration area. As of This fall 2024, registered mutual funds had grown to 184, with a mixed web asset worth (NAV) of ₦3.84tn and over 800,000 unit holders.

Moreover, privately managed portfolios elevated to 454 automobiles with ₦4.69tn in belongings underneath administration (AUM).

In complete, 82 licensed asset administration companies now oversee ₦8.53tn in investments, a sign, Agama famous, of a maturing market the place skilled fund administration is driving each capital formation and wealth creation.

To help sustained market progress, Agama emphasised the Fee’s dedication to regulatory effectivity and collaboration with key establishments.

He referenced the Fee’s proactive framework guiding the Central Bank of Nigeria’s (CBN) recapitalisation programme, underneath which the SEC has to this point acquired 12 new financial institution issuance functions valued at ₦2.02tn.

These embody eight rights points, one non-public placement, and 4 public presents totalling 123.90 billion extraordinary shares.

He additionally famous new directives requiring issuers to acquire a “No Objection” clearance from their major regulators earlier than submitting functions with the SEC.

As well as, engagement with the Company Affairs Fee (CAC) has led to the event of a tailor-made template to simplify processes for share capital will increase by way of allotments, now into account for integration by the CAC.

Agama reiterated the SEC’s ongoing dedication to a clear, environment friendly, and investor-friendly capital market, which aligns with Nigeria’s broader financial improvement objectives.

“Our imaginative and prescient is a deep, liquid, and aggressive capital market that continues to function a dependable engine for nationwide progress,” he mentioned.

Minister of State for Finance, Dr Doris Nkiruka Uzoka-Anite, referred to as for deeper market participation and inclusive progress in Nigeria’s capital market, emphasising its central function in reaching the federal authorities’s ambition of constructing a $1tn financial system.

Delivering the opening handle on the CMC assembly, the minister described the Nigerian capital market because the “engine” for long-term financing wanted to drive vital sectors comparable to infrastructure, housing, expertise, power, and industrial progress.

“The capital market should not solely serve for capital elevating but additionally as a automobile for wealth creation, financial inclusion, and nationwide resilience,” Uzoka-Anite mentioned.

She credited the implementation of the Capital Market Grasp Plan (2015–2025) for a decade of transformation marked by enhanced governance, product innovation, stronger regulation, and rising investor participation.

In response to international and native shifts, the plan was revised in 2022 to prioritise digitalisation, sustainability, innovation, and monetary inclusion.

Uzoka-Anite praised the latest enactment of the Funding and Securities Act 2025, calling it a “vital milestone” that modernises Nigeria’s capital market framework.

The Act addresses rising sectors like digital belongings, crowdfunding, and Ponzi schemes whereas strengthening enforcement and investor safety.

“These reforms are already bearing fruit,” she mentioned, citing growing adoption of fintech options, rising curiosity in ESG-focused investing, and broader retail investor engagement.

The minister additionally referenced Nigeria’s energetic participation in international monetary dialogues, together with latest engagements with worldwide thought leaders on the Milken International Convention in Los Angeles, the place discussions centred on modern methods for constructing clear and environment friendly markets.

“We’re reclaiming our place globally by selling practices that improve market attractiveness to each home and worldwide buyers,” she famous.

She counseled the Securities and Change Fee’s (SEC) determination to affix the GBMC Community of IOSCO and undertake the ISSB Requirements, aligning Nigeria’s market with worldwide sustainability reporting benchmarks.

Uzoka-Anite reaffirmed the federal authorities’s dedication to making a supportive coverage atmosphere, noting that Nigeria recorded its quickest GDP progress in a decade in 2024, pushed by market reforms and improved macroeconomic stability.

“With the precise insurance policies and instruments, our $1tn financial system imaginative and prescient is inside attain,” she mentioned.

The minister urged all capital market operators to totally embrace the revised grasp plan and start making ready for the event of the subsequent strategic framework.

She careworn the necessity for higher regulatory coordination, non-public sector innovation, and collaborative partnerships to deepen market participation.