The passage of the Investment and Securities Act, 2025 (ISA 2025), marks a deliberate and thoughtful progression in the development of Nigeria’s legal framework governing capital markets. The ISA 2025 is a considered response to the complex realities of modern finance, realities that demand legal instruments that are both firm in structure and flexible in operation.
The increasingly global character of financial systems and the speed with which transactions now occur across jurisdictions make it imperative that the legal regime be equipped to ensure certainty, stability, and fairness. It is within this context that the Act was enacted, to promote investor confidence, sustain orderly market conduct, and accommodate innovation without compromising regulatory oversight.
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