SEC to Launch USSD Service and ISA Audio
By Patience Ikpeme
The Securities and Exchange Commission (SEC) has announced plans to introduce two new digital products—a USSD Service and ISA Audio—aimed at expanding investor access to market information and strengthening engagement across the Nigerian capital market.
The Commission said the new tools are being introduced “in alignment with the Commission’s commitment to deepening market accessibility.”
The unveiling will take place at the forthcoming Capital Market Committee (CMC) Meeting in Lagos, while the Commission’s regular media briefing is scheduled for December 9, 2025.
According to the SEC, the upcoming CMC Meeting will focus on issues crucial to the sustainable development of Nigeria’s capital market. The Commission said the gathering will interrogate “critical themes germane to the sustainable development of Nigeria’s capital market,” with particular attention to global macroeconomic trends and their impact on domestic financial markets.
It added that discussions will extend to examining the role of cross-border financial integration within Africa, especially as regional markets become more interconnected. The SEC noted that “equally salient are discourses on unlocking pension fund investments, enhancing market liquidity, and stimulating innovation through targeted regulatory reforms.”
A major part of the meeting will review the progress of the Capital Market Master Plan (CMMP). The Commission disclosed that this will include “a comprehensive review of key achievements and the formal sunset of the 2025 CMMP, alongside the articulation of a strategic framework for the 2030 CMMP Plan.”
Also on the agenda is an analytical session on Nigeria’s recent tax reform legislation, with a focus on the implications for capital market efficiency and investor confidence.
The SEC explained that the combination of these discussions and product launches reflects a deliberate effort to reposition the capital market as a central driver of inclusive and sustainable economic growth. It noted that these efforts are “consistent with national development objectives and global best practices.”
The Capital Market Committee, which brings together the SEC, market operators, trade groups, and other industry stakeholders, serves as a platform for dialogue and collaboration. It enables the exchange of ideas, helps address issues affecting market growth and organisation, and contributes to shaping the long-term direction of the capital market.
The committee was originally established to strengthen communication between industry participants and the Commission. According to the SEC, it continues to play an essential role in refining regulatory frameworks and ensuring market stability.
The forthcoming meeting is expected to attract chief executives of all registered capital market institutions, including brokers/dealers, fund and portfolio managers, custodians, investment advisers, and other operators across the ecosystem.
