The Director General of SEC Nigeria recently spoke on Arise Television, shedding light on key updates in the Investment and Securities Act (ISA) 2025 | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Secu | The Director General of SEC Nigeria recently spoke on Arise Television, shedding light on key updates in the Investment and Securities Act (ISA) 2025 | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Secu |

Frequently Asked Questions
On Procurement Process and Award of Contracts

Contracts in the Commission are awarded in a competitive manner to vendors based on need and in line with provisions of the Public Procurement Act 2007.

All prospective vendors must comply with the eligibility requirements as enshrined

in Section 16(6) of the Public Procurement Act 2007.

Intending vendors are to look out for advertisements/invitations to bid on the Commission’s Tenders Notice Board on the first floor at its headquarters, the SEC website, the National Dailies, and the Federal Tenders Journal from time to time.

The type of procurement method to be adopted would depend on the threshold of approval for the service, hence the need to look out for advertisements in the various media as enumerated above.

Only vendors who comply with the listed criteria of any procurement advertisement/solicitation document would be shortlisted for further stages of the procurement process.

Following submission of technical and financial bids and further evaluation, recommendation and approval of the Tenders Board/Accounting Officer as the Least Evaluated Responsive Bidder, an award letter is issued stating the contract details and conditions.

The Commission reserves the right to annul any procurement process in the public interest without incurring any cost from bidders, in line with the provisions of the Public Procurement Act 2007.

Detailed Information on Procurement Processes (Download Document) pdf • 126.6 KB
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