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Economy

Tinubu Signs Investments and Securities Act 2025 into Law

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Tinubu sign 2025 budget

By Aduragbemi Omiyale

President Bola Tinubu has signed the Investments and Securities Act (ISA) 2025 into law, repealing the Investments and Securities Act No. 29 of 2007

The enactment of the ISA 2025 reaffirms the authority of the Securities and Exchange Commission (SEC) as the apex regulatory authority of the Nigerian capital market. The new Act also introduces transformative provisions to further align Nigeria’s market operations with international best practices.

It strengthens the legal framework of the Nigerian capital market, enhances investor protection, and introduces critical reforms to promote market integrity, transparency, and sustainable growth.

The Director-General of the SEC, Mr Emomotimi Agama, lauded the President’s assent as a transformative step for the capital market.

“The ISA 2025 reflects our commitment to building a dynamic, inclusive, and resilient capital market. By addressing regulatory gaps and introducing forward-looking provisions, the new Act empowers the SEC to foster innovation, protect investors more efficiently and reposition Nigeria as a competitive destination for local and foreign investments.

“We commend all stakeholders within and outside the capital market community for their unwavering solidarity towards the achievement of this historic milestone and solicit their continued collaboration in respect of the effective implementation of the ISA 2025 for the benefit of our economy,” he stated.

Business Post reports that the Act enhances the regulatory powers of the SEC in a manner comparable with benchmark global securities regulators. These enhanced powers and functions ensure full conformity with the requirements of IOSCO’s Enhanced Multilateral Memorandum of Understanding (EMMoU), enabling the SEC retain its Signatory A status and enhancing the overall attractiveness of the Nigerian capital market.

Other notable provisions of the ISA 2025 include:

Classification of Exchanges and inclusion of provisions on Financial Market Infrastructures– The Act classifies Securities Exchanges into Composite and Non-composite Exchanges. A Composite Exchange is one in which all categories of securities and products can be listed and traded, while a Non-composite Exchange focuses on a singular type of security or product. There are also new provisions on Financial Market Infrastructures such as Central Counter Parties, Clearing Houses and Trade Depositories.

Expansion of the definition and Understanding of Securities – The Act explicitly recognises virtual/digital assets and investment contracts as securities and brings Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs) and Digital Asset Exchanges under the SEC’s regulatory purview.

Comprehensive Insolvency Provisions for Financial Market Infrastructures – The Act introduces provisions that exempt transactions facilitated through or otherwise involving Financial Market Infrastructures from the application of general insolvency laws.

Management of Systemic Risk – The Act introduces provisions for the monitoring, management and mitigation of systemic risk in the Nigerian capital market.

Expansion of the Category of Issuers to the Public– The Act expands the categories of issuers, as a key step towards the introduction of a wide range of innovative products and offerings as well as the facilitation of “commercial and investment business activities”, subject to the approval of the Commission and other controls stipulated in the Act.

Legal Framework for Commodities Exchanges – The Act contains a new Part which provides for the regulation of Commodities Exchanges and Warehouse Receipts. These provisions are essential to allow for the development of the entire gamut of the Commodities ecosystem.

Issuance of Securities by Sub-Nationals and their Agencies– Salient provisions of the Act address existing restrictions in respect of raising of funds from the capital market by Sub-Nationals to allow for greater flexibility in this regard.

Transparency in Securities Transactions – The Act introduces the mandatory use of Legal Entity Identifiers (LEIs) by participants in capital market transactions. This stipulation is designed to improve transparency in the conduct of securities transactions.

Enforcement Against Illegal Investment Schemes – The Act expressly prohibits Ponzi Schemes and other unlawful investment schemes while prescribing stringent jail terms and other sanctions for the promoters of such schemes.

Strengthening the Investments and Securities Tribunal– The Act amends some key provisions in the repealed ISA 2007 pertaining to the Composition of the Tribunal, constitution of the Tribunal, qualification and appointment of the Chief Registrar as well as the jurisdiction of the Tribunal to enhance the ability of the Tribunal to optimally discharge its mandate.

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Economy

Coronation Projects 15.95% for Nigeria’s April 2026 Inflation

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Nigeria's headline inflation

By Aduragbemi Omiyale

Analysts at Coronation Research have said the inflation rate in Nigeria would be at 15.95 per cent on a year-on-year basis in April 2026 as a result of the “energy price shock stemming from the continued conflict in the Middle East, seasonal issues in regard to food prices and relative exchange rate stability.”

In a note sighted by Business Post on Friday, the research arm of the organisation further disclosed that the average price of goods and services for the month under review should rise by 2.35 per cent on a month-on-month basis versus 4.18 per cent in March 2026, reflecting continued food price firmness, offset by a cooling in the monthly inflation momentum as the March energy price shock partially unwinds.

It said the projected 2.35 per cent inflation rate signals a return toward the underlying disinflation trajectory and could be a pivotal data point in shaping Monetary Policy Committee (MPC) deliberations at the next policy meeting.

The National Bureau of Statistics (NBS) is expected to release inflation numbers for last month later today. In March 2026, the rate soared by 15.38 per cent, triggered by the war in Iran waged by the United States.

Food inflation rate in March stood at 14.31 per cent on a year-on-year basis versus 25.22 per cent in the same month of last year, but on a month-on-month basis, it slowed to 4.17 per cent from the 4.69 per cent achieved in February 2026.

This was attributed to the rate of change in the average prices of Yam, Ginger (Fresh), Cassava Tuber, Groundnuts (Shelled), Irish Potatoes, Avenger (Ogbono/Apon) – Dried Ungrinded, Tomatoes (fresh), Cassava Flour sold loose, etc, according to the stats office.

In their report, Coronation Research expects food inflation to further ease, as food and non-alcoholic beverages remain the dominant contributor to headline CPI, accounting for about 40 per cent of the CPI basket.

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Economy

Unlisted Securities Market Further Suffers 0.33% Loss

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Unlisted Securities Market

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange further depreciated by 0.33 per cent on Wednesday, May 14, with the Unlisted Security Index (NSI) down by 13.76 points to 4,130.21 points from the previous day’s 4,143.97 points, and the market capitalisation dropping N8.23 billion to close at N2.471 trillion compared with Wednesday’s N2.479 trillion.

The unlisted securities market ended yesterday’s session with four price losers and one price gainer, led by Food Concepts Plc, which chalked up 9 Kobo to sell at N2.35 per unit, in contrast to midweek’s closing price of N2.26 per unit.

On the flip side, FrieslandCampina Wamco Plc depreciated by N1.58 to quote at N144.76 per share versus N146.34 per share, Central Securities and Clearing System (CSCS) Plc crumbled by N1.00 to trade at N71.00 per unit versus N72.00 per unit, First Trust Mortgage Bank Plc slid by 25 Kobo to N2.27 per share from N2.52 per share, and UBN Property Plc declined by 21 Kobo to N2.04 per unit from N2.25 per unit.

During the trading day, the volume of securities traded decreased by 70.2 per cent to 417,349 units from 1.4 million units, the value of securities dropped 36.9 per cent to N23.2 million from N36.8 million, and the number of deals stumbled by 13.9 per cent to 31 deals from 36 deals.

At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by CSCS Plc with 60.7 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.

GNI Plc was also the most active stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Resourcery Plc with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion.

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Economy

Mobile-First Platforms Like DeFi Hash Reflect Growing Investor Interest in AI-Driven Cloud Infrastructure and Automated Digital Asset Engagement

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DeFi Hash

As the cryptocurrency market enters a new phase of global growth, investor behavior is moving beyond the “buy and hold” strategy common in previous cryptocurrency cycles. Across the digital asset industry, a growing number of users are exploring AI-driven cloud infrastructure, automated computing systems, and mobile-based digital engagement models.

Industry analysts say the convergence of AI and blockchain infrastructure is becoming one of the defining trends of 2026.

With the accelerating global demand for AI computing resources, technology companies around the world are investing heavily in cloud infrastructure, data centers, and intelligent automation systems. Meanwhile, blockchain-based infrastructure platforms are increasingly positioning themselves at the intersection of decentralized finance, cloud computing, and AI-driven resource management.

Among the many emerging platforms, DeFi Hash is attracting significant attention. DeFi Hash is a mobile-centric digital infrastructure platform focused on intelligent cloud computing services and automated infrastructure engagement.

The Transition to AI-Driven Digital Infrastructure

For years, many cryptocurrency investors have relied primarily on market appreciation and speculative trading opportunities. However, the evolving market environment and the rapid development of artificial intelligence are prompting a shift towards infrastructure-centric platforms that offer alternative participation models.

Users no longer need to purchase expensive mining hardware or manage physical systems; instead, they are increasingly seeking simplified, mobile-accessible solutions for remote participation in digital infrastructure.

DeFi Hash states that its platform aims to lower traditional barriers to entry by combining cloud architecture, automation, and distributed infrastructure systems to create a seamless user experience. These platforms are accessible via mobile devices and web platforms.

According to company information, the platform has attracted over 3.5 million registered users globally.

Flexible Participation Options

To encourage new user onboarding and streamline the access process, DeFi Hash offers various infrastructure participation models and cloud-based automated contracts.

The company states that new registered users receive promotional rewards upon registration and can participate in an entry-level program designed for short-term participation.

The platform also offers various infrastructure contract categories designed to meet the needs of different participation levels.

Stable Return Contracts

Contract Range: $500 – $2,600

Estimated Daily Return: $6.25 – $36.40

Contract Duration: 7 – 15 days

Estimated Total Return: $43 – $546

Professional Profit Contracts

Contract Range: $5,000 – $15,000

Estimated Daily Return: $77.50 – $270

Contract Duration: 20 – 25 days

Estimated Total Return: $1,550 – $6,750

Advanced Long-Term Profit Contracts

Contract Range: $30,000 – $150,000

Estimated Daily Return: $570 – $3,750

Contract Duration: 30 – 45 days

Estimated Total Return: $17,100 – $168,750

The company states that users can choose one or more participation options based on their own strategies and goals.

The convergence of artificial intelligence and blockchain is expected to accelerate.

Industry insiders believe that the integration of artificial intelligence infrastructure and blockchain-based computing networks may become one of the most influential technological developments in the coming years.

With the global proliferation of artificial intelligence, the demand for scalable computing resources and automated digital infrastructure services is expected to continue to grow. Platforms integrating blockchain, cloud computing, and intelligent automation technologies will play an increasingly important role in shaping the future digital economy.

DeFi Hash states that its goal is to make cloud projects more accessible to ordinary users worldwide while continuously expanding its AI-driven infrastructure ecosystem.

For more information, please visit the company website or mobile app download page.

Official Website: https://defihash.com/

Mobile App Download: https://defihash.com/download/

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