NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, says it has recovered over N500 million in restitution to investors.
The disclosure was contained in a statement published on the Nigerian Exchange Limited website on Thursday, reaffirming the organisation’s commitment to investor protection and market integrity.
The recoveries followed the resolution of several investor complaints against market operators, as NGX RegCo continues efforts to address market infractions and strengthen confidence in Nigeria’s capital market.
NGX RegCo Chief Executive Officer, Olufemi Shobanjo, said the recoveries are part of the organisation’s broader strategy to address long-standing issues within the capital market, including unauthorised trades, disputed proceeds, and account-related discrepancies.
He noted that the interventions also demonstrate the effectiveness of the regulator’s oversight framework in ensuring fairness and transparency across the market.
The regulator added that investor protection remains central to its mandate as it continues to strengthen market surveillance and compliance measures.
One of the major recoveries involved the restitution of N326.85 million to an investor following an unauthorised share transaction reported in 2025.
Improved post-trade controls and settlement reforms also contributed to the dispute resolution process.
The regulator stated that these measures are part of ongoing efforts to improve transparency and accountability within the Nigerian capital market.
NGX RegCo has intensified enforcement actions against market infractions in recent months as part of broader efforts to improve compliance within the capital market.
In March, the regulator sanctioned five brokerage firms over allegations of market manipulation and price distortion, imposing cumulative fines and corrective measures.
The report also highlighted governance and disclosure lapses across sectors, with the insurance industry accounting for the highest share of sanctions.
Nigerian Exchange Group Plc recently reported a strong financial performance for the first quarter of 2026, driven largely by increased trading activity and higher transaction fees.
The latest performance underscores growing activity in Nigeria’s capital market amid ongoing regulatory and compliance reforms.
