Nigerian SEC: Updated List of Approved Commercial Papers Released October 2025

• The Nigerian SEC has released an updated list of approved commercial papers as of October 23, 2025.
• The list reflects changes in the market landscape and provides clarity on which commercial papers are compliant with Nigerian regulations.
• Market participants must review the updated list to ensure their clients' commercial papers meet regulatory requirements.
• Investors can use the list to identify approved commercial papers that meet their investment criteria.

The list of approved commercial papers is a key component of the SEC's efforts to promote transparency and efficiency in the capital market.

The Nigerian Securities and Exchange Commission (SEC) has released an updated list of approved commercial papers as of October 23, 2025. The list is a crucial document for market participants, including issuers, investors, and intermediaries, as it outlines the commercial papers that have met the regulatory requirements for listing on the Nigerian capital market. This update is significant, as it reflects changes in the market landscape and provides clarity on which commercial papers are compliant with Nigerian regulations.

The list of approved commercial papers is a key component of the SEC's efforts to promote transparency and efficiency in the capital market. By providing a comprehensive and up-to-date list of approved commercial papers, the SEC aims to facilitate investment decisions and reduce the risk of non-compliance for market participants.

The approval of commercial papers by the Nigerian SEC is governed by the Investments and Securities Act 2025 and the International Financial Reporting Standards (IFRS). The regulatory framework requires issuers to obtain approval from the SEC before listing their commercial papers on the Nigerian capital market. This approval process involves a thorough review of the issuer's financials, business operations, and compliance with relevant regulations.

The list of approved commercial papers is regularly updated by the SEC to reflect changes in the market and ensure that only compliant instruments are listed on the capital market. Market participants must carefully review the updated list to ensure their clients' commercial papers meet the regulatory requirements.

The updated list of approved commercial papers has significant implications for lawyers, compliance officers, and other market participants. They should review the list to ensure their clients' commercial papers are compliant with Nigerian regulations and note any new or removed entries that may impact existing deals. This is crucial to avoid non-compliance and potential legal consequences.

The updated list also provides a valuable resource for investors seeking to make informed investment decisions. By reviewing the list, investors can identify approved commercial papers that meet their investment criteria and reduce the risk of investing in non-compliant instruments.

Lawyers and compliance officers should review the updated list to ensure their clients' commercial papers are compliant with Nigerian regulations, and note any new or removed entries that may impact existing deals.

Source: Original reporting via Nigerian Securities and Exchange Commission