The Securities and Exchange Commission (SEC) has assured investors of the safety of their investments as financial technology (Fintech) continues to reshape Nigeria’s investment landscape.
Speaking during a capacity training session for financial reporters in Abuja, Director of Registration, Exchanges, and Market Infrastructure at the SEC, Hasfat Rufai, stated the Commission’s commitment to mitigating risks posed by technological disruptions.
“While these trends bring new opportunities, they also come with challenges, particularly around regulation and investor protection,” Rufai stated.
She noted that the rise of digital platforms, global market access, and increased interest in cryptocurrencies and startups have transformed traditional investment practices in Nigeria.
“The digital age has transformed the investment landscape, offering greater accessibility, innovation, and opportunity. Investors must adapt to this evolving environment by embracing technology, seeking knowledge, and making responsible investment choices,” Rufai explained.
She noted that the future of investments would be driven by advancements in technology, the involvement of young investors, and innovative financial products.
In a related presentation, Abdulraham Abubakar pointed out how Fintech has bolstered standardization within the commodities market, especially by electronically connecting storage facilities with exchanges.
