Chairman of the Nigerian Exchange Group (NGX), Dr. Umaru Kwairanga, has issued a renewed call for stronger transparency, openness, and accountability across Nigeria’s capital market.
Speaking at the recently concluded 2025 Annual Workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos, Dr. Kwairanga stressed that improved market transparency is essential for investor confidence and sustainable market growth.
He noted that CAMCAN plays a critical watchdog role in achieving this goal, praising the association for consistently shining a light on market activities.
According to him, the media’s routine publication of price lists, indices, and analytical reviews keeps the market visible, holds operators and regulators to higher standards, and reinforces the market’s relevance to millions of Nigerians whose investments depend on credible information.
Kwairanga described the annual workshop as a key platform for advancing transparency-driven reforms, stating that robust public discourse remains vital to strengthening investor protection and deepening market trust.
“The ideas from this workshop,” he said, “are expected to enhance the openness and reach of the capital market and improve how regulators and operators deliver on their mandates.”
This year’s theme, “Regulatory Reforms: ISA 2025 and Nigeria’s Investment Climate”, reflects the urgency of transparency in the wake of the newly enacted Investment and Securities Act 2025.
Kwairanga noted that the Act expands the powers of the Securities and Exchange Commission (SEC), introduces stronger safeguards to eliminate fraudulent operators and pyramid schemes, and is widely expected to make the market more credible and investor-friendly.
He expressed confidence that participants will actively brainstorm and proffer practical solutions to further bolster market integrity.
Kwaringa commended CAMCAN for its dedication to transparency and thanked stakeholders for supporting conversations that push the market toward higher ethical and operational standards.
“Stronger transparency is not optional, it is the foundation for a deeper, more resilient capital market.” He noted.
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