Nigeria puts faith in new crypto-friendly regulator

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Nigeria’s president appointed the new SEC Chair to regulate the capital market, bolster investor confidence, and advance economic development.

Nigeria’s blockchain stakeholders have expressed hope and confidence in the newly appointed Director-General of the Securities and Exchange Commission (SEC). The new SEC Chair’s pro-crypto background is seen as an added advantage for the local crypto industry. 

Nigerian President Bola Ahmed Tinubu has appointed Emomotimi Agama, the former managing director of the Nigerian Capital Market Institute (NCMI), as the new chair of the SEC.

This appointment aims to regulate the capital market, enhance investor confidence, and promote economic development.

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