NEWS
SEC DG Pushes for Capital Market Integration to Unlock West Africa’s Growth
By Tony Obiechina Abuja
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has urged West African countries to accelerate the integration of their capital markets, describing it as the only way to mobilise the scale of investment needed to drive the region’s development.
Speaking at the Experts Meeting on Validation of the WASRA Charter and Recognition of WASRA as the Regulatory Body for Cross-Border Securities Market in ECOWAS, held Thursday in Abuja, Agama who is also the WASRA Chairman, said the initiative represents “a watershed moment” in the region’s financial history. According to him, West Africa faces urgent developmental challenges ranging from infrastructure deficits and climate adaptation to digital transformation and job creation.He said: “To meet these challenges, we require capital at scale, and the truth is simple: no single national market can provide it alone. An integrated regional capital market is no longer a luxury; it is a necessity”.The SEC boss lamented the slow pace of regional integration, warning that “each year of delay is a lost opportunity to mobilise resources for critical projects that can transform our economies.”He pointed to Africa’s annual infrastructure financing gap of over $100 billion, stressing that West Africa alone requires tens of billions of dollars to modernise transport corridors, upgrade energy systems, and build resilient digital infrastructure.“Without integrated markets that pool liquidity and broaden investor participation, our governments and private sector will remain constrained, relying on limited fiscal space and expensive borrowing,” Agama said.Drawing lessons from global models, he noted that the European Union and ASEAN achieved significant economic transformation by harmonising rules, fostering investor confidence, and facilitating seamless cross-border funding.“The creation of a single market enabled European firms to access funding seamlessly across borders, boosting innovation and competitiveness. Closer to home, ASEAN coordinated standards and deepened financial cooperation, strengthening its resilience as a regional bloc.”He emphasised that West Africa, with its population of more than 400 million and a combined GDP of about $800 billion, has even greater potential, cautioning that “potential means little without decisive action,” he cautioned.Agama outlined how integration would bring benefits beyond infrastructure, noting that “In agriculture, integrated markets can mobilise capital for value-chain development, agro-processing, and food security, which are critical priorities for our region”.He added: “In the digital economy, regional capital can support innovation hubs, fintech scale-ups, and broadband expansion, ensuring that West Africa fully participates in the fourth industrial revolution.”He further stressed that cross-border pools of capital, backed by harmonised regulation, could deliver “transformative impact” across multiple sectors, including youth empowerment and job creation.Presenting the objectives of the West Africa Securities Regulators Association (WASRA), Agama said the body was established with a clear mandate to anchor market integration.“First, to contribute to the establishment of appropriate mechanisms for the regulation of capital markets; ensuring their proper functioning and the protection of investors. This speaks directly to the heart of investor confidence, without which no market can thrive,” he said.He added that WASRA would foster integration through joint programmes and common projects, promote mutual assistance across the region, and set common standards for effective regulation. “Integration is not only about policy declarations; it is about practical collaboration and shared initiatives that deliver results for our markets and our people,” he stressed.Agama called on policymakers, especially finance ministers within ECOWAS, to champion the WASRA initiative, stating that “The political will of our leaders is the single most important factor in moving from aspiration to reality”.“WASRA stands ready, in partnership with ECOWAS, WACMIC, and WAMI, to provide the technical leadership required.”Also speaking at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun noted that the gathering marked a significant step in the collective “journey toward a harmonized regulatory framework, one that reflects the shared aspirations of ECOWAS member states to deepen capital market integration, enhance cross-border investments, and promote financial stability.”Edun, represented by Mr. Hassan Adamu Jibrin Principal Economist Federal Ministry Of Finance, pointed out that validation of the draft WASRA Charter is not merely a procedural formality, but a critical foundation for institutional coherence, regulatory cooperation, and sustainable market development across our sub-region.On his part while speaking on behalf of ECOWAS Commission, Mr. Peter Oluonye Acting Director Private Sector noted that for capital markets integration to gain traction in ECOWAS, there need to be need concerted efforts of all stakeholders at harmonizing rules, practices and regulations, to the standards acceptable to all jurisdictions.”We are well aware that our member states depend much on external capital flows and direct investment to sustain and deliver on economic development programmes of our governments. The region is in dire need to develop critical economic infrastructure projects, requiring huge capital investment and facilitating gross capital formation. The capital market is a major vehicle that should support this aspiration”The need to drive our capital markets integration initiative to break down barriers to movement of capital within the region by ensuring a harmonized regulatory space, common market information platforms, interlinked trading systems, cross-border trade and payments settlement, harmonized accounting standards and internationally acceptable governance standards and institutions cannot be over-emphasized at this juncture in our economic integration initiatives”, he added.NEWS
Joseph Undu Bags National Safety Personality Award in Lagos
By David Torough, Abuja
Award-winning Nigerian journalist and security analyst, Joseph Saater Undu, has been shortlisted for the prestigious Safety Personality Award at the 13th Nigeria Safety and Security (NSAS) Awards and Lecture, scheduled to hold on April 29, 2026, in Lagos.
The honour, organised by Safety & Security Watch Magazine under the auspices of the Media Centre for Promotion of Safety Awareness, is part of activities marking the International Labour Organization’s World Day for Safety and Health at Work.
According to the award selection panel, Undu was chosen in recognition of his “Outstanding contributions to health, safety, security and environment,” particularly through his investigative journalism and detailed reporting on criminality and national security issues.
The organisers also commended his deep understanding of Nigeria’s security architecture and his role in promoting public safety awareness.
With over 14 years of experience in mainstream journalism, Undu has built a reputation as a leading voice in crime, defence, and anti-corruption reporting.
He has worked with major national dailies, including Champion Newspapers, Vanguard Newspapers, and Daily Independent Newspapers, before transitioning to Abuja as a senior correspondent.
Undu is a Biographer and current president of Tiv Youth Organization (TYO) Abuja Chapter. He founder of the Benue Journalists’ Forum of Nigeria.
He is also an accomplished author, with works such as Positude: The Change We Need and Giant Footprints, a biography of former Inspector General of Police Usman Alkali Baba.
A recipient of the Golden Pen Award and an international poetry laureate, Undu has earned multiple recognitions for his contributions to media and literature.
In 2018, he was conferred with the traditional title “Ivaan I Tiv” (The Arrow of Tiv) by the Tiv Traditional Council in Lagos.
The 2026 NSAS Awards will feature lectures and discussions centered on the theme, “Promoting a Healthy Psychosocial Workplace,” with notable experts and policymakers expected to participate.
NEWS
Mutfwang Holds Close Door with Former State Governors
From Jude Dangwam, Jos
Plateau State Governor, Caleb Mutfwang has convened a strategic meeting with former governors of the state towards addressing the security challenges bedevilling the state.
The meeting held on Thursday at the News Government House Little Rayfield had the presence of former Governor Samuel Bitrus Atukum, former Governor Fidelis Tapgun, former Governor Joshua Dariye, former Governor Jonah David Jang and Former Governor Simon Lalong respectively.
Mutfwang maintained that the high-level engagement critically reviewed the prevailing security situation, particularly the recent violent attacks in rural communities across the state.
He noted that discussions were focused on fostering sustainable peace, strengthening unity, and promoting harmonious coexistence among all residents.
According to Governor Mutfwang, “I convened a strategic meeting with distinguished leaders and former Governors of Plateau State on Tuesday at the Government House, Little Rayfield, Jos. The meeting deliberated extensively on matters concerning the well-being, welfare, progress, and overall prosperity of the people of Plateau State.
“The high-level engagement critically reviewed the prevailing security situation, particularly the recent violent attacks in rural communities across the state. Discussions were focused on fostering sustainable peace, strengthening unity, and promoting harmonious coexistence among all residents.
“The leaders collectively resolved to pursue justice for all and to establish robust frameworks that reflect the enduring courage, discipline, hospitality and patriotism of the Plateau people within the Nigerian project,” he stated
The Governor reiterated that, “Emphasis was also placed on rebuilding fractured relationships and restoring trust, with the aim of reinforcing Plateau State’s longstanding identity as the Home of Peace and Prosperity,” says Mutfwang.
Foreign News
Pope Criticises ‘Tyrants’ Who Spend Billions on Wars after Trump Spat
Pope Leo has criticised leaders who spend billions on wars and said the world was “being ravaged by a handful of tyrants” in unusually forceful comments during a visit to Cameroon.
The pontiff blasted those he said had manipulated “the very name of God” for their own gain, while touring a region ravaged by a deadly insurgency.
The remarks come just days after a high-profile spat with US President Donald Trump, who posted a lengthy attack on the Pope, a vocal critic of the US-Israeli military operation in Iran.
The Pope had voiced his concern about Trump’s threat that “a whole civilisation will die” if Iran did not agree to US demands to end the war and open the Strait of Hormuz.
Leo, who last year became the first US-born Pope, has previously also questioned the Trump administration’s approach to immigration.
“Leo should get his act together as Pope,” Trump wrote in a Truth Social post at the time.
The Pope told reporters at the start of his Africa tour that he did not want to get into a debate with Trump but would continue to promote peace.
Speaking in Cameroon, the Pope criticised leaders who “turn a blind eye to the fact that billions of dollars are spent on killing and devastation, yet the resources needed for healing, education and restoration are nowhere to be found”.
“The masters of war pretend not to know that it takes only a moment to destroy, yet often a lifetime is not enough to rebuild,” he said on Thursday.
The Pope also condemned “an endless cycle of destabilisation and death” in a “bloodstained” region of Cameroon that has been gripped by insurgency for nearly a decade.
“Those who rob your land of its resources generally invest much of the profit in weapons, thus perpetuating an endless cycle of destabilisation and death,” he told those gathered at a cathedral in the north-western city of Bamenda – the centre of the violence that has left at least 6,000 people dead and displaced many more.
“Peace is not something we must invent: it is something we must embrace by accepting our neighbour as a brother and as our sister,” the Pope said.
Separatist insurgents in Cameroon’s two Anglophone regions have been fighting the predominantly Francophone government since 2017.
Following Leo’s address, the Archbishop of Canterbury, Sarah Mullally, said that she stood with the Pope in his “courageous call for a kingdom of peace”.
The war in Iran has increasingly placed the Pope and the Trump administration at odds.
Soon after the first US and Israeli attacks on Iran, US Defence Secretary Pete Hegseth recited a highly controversial prayer at a Pentagon worship service that talked of “overwhelming violence” and “justice executed swiftly and without remorse”.
Then, during a Palm Sunday Mass in St Peter’s Square, the Pope said the conflict between Iran, Israel and the US was “atrocious” and that Jesus could not be used to justify war.
“This is our God: Jesus, king of peace, who rejects war, whom no one can use to justify war,” he told tens of thousands of worshippers gathered in Vatican City.
“He does not listen to the prayers of those who wage war, but rejects them.”
The pontiff also quoted the Bible passage Isaiah 1:15: “Even though you make many prayers, I will not listen: your hands are full of blood.”
Earlier this week, Trump launched a scathing attack on the Pope on social media, in which he described the leader of the Catholic Church as “WEAK on Crime and terrible for Foreign Policy” while portraying himself as a Jesus-like figure.
He later doubled-down on his criticism and refused to apologise – but deleted the AI-generated image of himself.
Asked about the US president’s remarks as he arrived in Algiers, the Pope said he had “no fear” of the Trump administration and that he would continue to speak out against war.
The Catholic leader’s wide-ranging Africa tour will include stops in 11 cities across four countries. It is his second major foreign visit since being elected to the papacy last year, and reflects the importance of Catholicism in Africa.
More than a fifth of the world’s Catholics – some 288 million people – live in Africa, according to figures from 2024.

