The Investment and Securities Act (ISA) of 2025 was signed into law on March 31st, 2025, by President Bola Ahmed Tinubu, repealing and replacing the Investment and Securities Act (ISA) of 2007, which was the Act previously regulating the Nigerian investment and capital market.

The new ISA marks a pivotal advancement in the Nigerian investment and capital market, coming at a time when the investment market has changed dramatically and the Nigerian capital market has evolved rapidly. The new ISA covers and addresses the contemporary developments in the capital market that were previously unaddressed under the ISA 2007.

In this article by our Trusted Associates, we have thoroughly reviewed the new Investment and Securities Act, highlighting its purpose and significance, key provisions, implications for the Nigerian Market, among others.

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Written by Elizabeth Oyinlola & Chinaza Eneh for The Trusted Advisors

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