SEC Nigeria: Invitation to Join CMMP Working Groups for 2026-2030 Plan

• The SEC Nigeria invited Capital Market Operators to join the CMMP Working Groups in September 2025, with the deadline for expressions of interest now passed.
• The current CMMP 2015-2025 plan has concluded, and a new CMMP 2026-2030 has been unveiled.
• Participation in the Working Groups, formed after the call for membership, enables CMOs to shape the future of Nigeria's capital market.
• Lawyers advising CMOs can encourage their clients to engage with the Working Groups to influence the implementation of the new CMMP.

The Working Groups are crucial in shaping the future of Nigeria's capital market, and their formation was expected to foster collaboration among stakeholders.

The Securities and Exchange Commission (SEC) of Nigeria initiated a call for membership into the Capital Market Master Plan (CMMP) Working Groups in September 2025, with a submission deadline of September 30, 2025. This move was part of the efforts to develop a new CMMP, which has since been unveiled as the 2026-2030 plan, replacing the 2015-2025 plan that concluded in 2025/early 2026. The Working Groups are crucial in shaping the future of Nigeria's capital market, and their formation was expected to foster collaboration among stakeholders. Capital Market Operators (CMOs) were invited to express interest in joining these groups.

The CMMP 2015-2025 plan was instrumental in guiding the development of Nigeria's capital market over the past decade. With its conclusion, a new plan addressing emerging challenges and opportunities was needed. The SEC's invitation to CMOs to join the Working Groups in late 2025 underscored the importance of stakeholder participation in shaping the future of the capital market. This collaborative approach has enabled the development of a comprehensive CMMP 2026-2030 that meets the needs of all stakeholders, which was unveiled in January 2026.

The unveiling of the new CMMP 2026-2030 is crucial for the growth and stability of Nigeria's capital market. The Working Groups, formed following the September 2025 call for membership, provide a platform for CMOs to contribute their expertise and insights, ensuring that the new plan addresses emerging challenges and opportunities. By participating in these groups, lawyers advising CMOs can encourage their clients to influence the implementation of the new CMMP, thereby promoting a more inclusive and effective regulatory framework.

Lawyers advising capital market operators should note the opportunity to influence the development of a new Capital Market Master Plan and encourage their clients to express interest in joining the relevant Working Groups.

Source: Original reporting via SEC Nigeria