Use options to pay for Tekedia and Fasmicro services.

• Bank transfer (Nigerian naira) options: 
  • GTBank 0114016493
  • UBA       1019195493
  • Name: First Atlantic Semiconductors and Microelectronics.
• Flutterwave:  follow this link  to use Verve, Visa, Mastercard, etc in Naira, USD, Ksh, Cedi, etc. 
• PayPal: follow this link and pay in US dollars with global debit/credit cards
• Stripe: follow this link and pay in US dollars with global debit/credit cards
• Zelle (USD): use tekedia@fasmicro.com 

After payment, email info@tekedia.com

Week 1

Module 1: Introduction to Nigeria’s Capital Market – Foundations & Architecture

This module provides a foundational understanding of Nigeria’s capital-market ecosystem, covering its history, evolution, key regulatory frameworks, and role in national economic development. It explains the distinction between money markets, capital markets, and alternative markets. Learners will learn the core institutions, market structure, asset classes, and the functional logic of how the Nigerian capital market works.

Module 2: SEC Nigeria – Registration, Regulations & Market Oversight

A comprehensive walkthrough of the Securities and Exchange Commission (SEC) Nigeria’s registration processes, licensing requirements, regulatory frameworks, and compliance expectations. This module covers:

• Types of capital-market operators (CMOs)
• Registration procedures and documentation
• Sponsored individual requirements
• Ongoing obligations (returns, filings, inspections, compliance audits)
• Enforcement mechanisms and disciplinary actions
• Overview of the Investment and Securities Act (ISA) 2025

Course creators will prepare materials that mirror real-life SEC procedures and documentation.

Week 2

Module 3: Market Operators – Roles, Responsibilities & Interdependencies

This module breaks down the major capital-market operators and their daily activities:

• Issuing Houses, Registrars, Stockbrokers/Dealers
• Market Makers, Underwriters, Custodians
• Trustees, Rating Agencies, Exchanges
• Central Counterparty (CCP), Clearing & Depository Systems

Learners will understand the operational interdependencies and workflows among these institutions.

Module 4: Capital-Raising Instruments – IPOs, Bonds, Commercial Papers & Private Markets

This module teaches how companies raise capital in Nigeria. It covers step-by-step flows for:

• Initial Public Offerings (IPOs)
• Commercial Papers (CPs)
• Corporate Bonds
• Government Securities
• Sukuk
• Private Placements
• Private Market (Secondary) Liquidity

The goal is to prepare learners to understand how transactions are structured, documented, approved, traded, cleared, and settled.

Week 3

Module 5: Listing Processes, Documentation & Regulatory Compliance

Learners will learn the full process of listing securities, from pre-mandate to issuance and post-issuance obligations. Topics include:

• Listing requirements (Equities, Bonds, CP, ETFs)
• Listing rules (NGX, FMDQ, Contisx, NASD)
• Prospectus and Information Memorandum (IM)
• Completion Board Meetings
• Corporate governance & disclosure obligations
• Continuing listing obligations

Assignments will include mock listing simulations.

Module 6: Capital-Market Operations – Trading, Settlement & Surveillance

A deep dive into the functional mechanics of capital-market operations:

• Order types, matching, routing
• Market microstructure
• Clearing and settlement (T+3, T+2, T+1, T+0)
• Role of CSD and collateral management
• Surveillance systems & insider trading detection
• Market integrity tools
• Funds, valuations & asset management

Learners will see how exchanges and clearing houses operate behind the scenes.

Week 4

A project with relevance in the Nigerian capital market will be assigned for the week.

Week 5

Module 7: Derivatives, Structured Products & Hedging Instruments

A complete introduction to derivatives markets in Nigeria under ISA 2025:

• Futures, options, forwards, swaps
• FX and commodity derivatives
• Clearing requirements for derivatives
• Margining, collateral, initial and maintenance margins
• CCP risk waterfall
• Use cases for agriculture, FX management, crypto, commodities, and energy

The module will focus on practical pricing, contract specifications, and hedging applications.

Module 8: Technology & Financial Market Infrastructure (FMI)

This is a practical module focusing on understanding the mechanics of:

• Exchange trading engines, Clearing & settlement systems
• Depository technology, Market APIs & FIX protocols
• Order management systems (OMS), RegTech systems
• Blockchain-based FMI, Cybersecurity for capital markets
• Data & market analytics

Participants will explore how technology powers modern markets.

Week 6

Module 9: Digital Assets, Tokenization & ISA 2025 Framework

This module explains Nigeria’s new digital-asset regulatory environment under ISA 2025:

• Tokenized securities
• Virtual assets
• Blockchain-based registries
• Digital exchanges
• Stablecoins & settlement rails
• Tokenized funds, equities, bonds, commodities

Learners learn opportunities and compliance obligations for digital-asset operators.

Module 10: Compliance, Risk Management & Ethics in Capital Markets

A compliance-focused module covering:

• KYC, AML/CFT
• Market conduct, insider trading
• Risk types (market, credit, liquidity, operational, systemic)
• Compliance reporting
• Corporate governance
• Internal controls & audit
• Corporate governance & investor relations

Learners will work through real-life case studies from Nigerian markets.

Week 7

Module 11: Careers, Business Opportunities & Promising Regulated Sole Proprietorships

This module prepares participants for real-world opportunities:

• Career paths in capital markets
• How to register as a regulated professional
• Emerging specialist roles (FMI engineer, surveillance analyst, risk specialist, etc.)
• Promising sole proprietorship categories (Financial adviser, issuing house support, consultant, trader analyst, registrar associate, etc.)
• How to start a compliant capital-market service business under SEC.

Learners learn where real opportunities exist in the sector.

Module 12: Business Development, Market Strategy & Capital-Market Innovation

This module teaches the commercial dimension of capital markets:

• How exchanges grow listings
• How issuing houses win mandates
• How brokers grow client bases
• Product innovation in capital markets
• Case studies from local and global exchanges
• Strategic innovation (T+0, tokenization, private markets, SME capital formation)

This prepares learners to think commercially and strategically.

Week 8

Program Capstone

Submit three proposed topics to Tekedia Institute, each reflecting areas where you believe innovation can unlock new value in Nigeria’s capital markets. The topics could be in any domain, including products, services, business models, technologies, etc. From your submissions, one topic will be selected as your capstone project, and you will have three weeks to submit the report.

Our partners are seeking professionals who can develop new markets, not only in major cities but also across rural communities. They are actively exploring new financial products, market structures, and services that can be created and scaled nationwide and globally. Let your imagination lead; bold, practical ideas are encouraged.

Tekedia Institute will help you secure an internship in the capital market.