SEC: Nigeria is a key player in crypto market but trading is still volatile - Tellbrief.com

SEC: Nigeria is a key player in crypto market but trading is still volatile

The Securities and Exchange Commission (SEC) says Nigeria is a key player in the cryptocurrency market, especially in peer-to-peer transactions. Agama, represented by Bola Ajomale, executive commissioner operations of the SEC, said the market is still very volatile, making investor protection crucial.

Agama said while Nigeria celebrates the growth of its market, stakeholders must also recognise the evolving risks that come with global market interconnectedness. He noted that a well-informed investor base is crucial for the stability and growth of any capital market.

According to the DG, Nigeria has witnessed increasing participation in the capital market, with more retail investors entering the fold...

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