31.2 C
Lagos
Wednesday, November 29, 2023

Nigeria’s capital market will expand in 2022 – SEC

Due to its many measures, the Securities and Exchange Commission (SEC) has voiced confidence about capital market growth in 2022. 

This was stated by SEC Director-General Lamido Yuguda in a statement published by the Commission on Sunday in Abuja. 

He expressed the expectation that if the constraints on COVID-19 and its derivatives were relaxed, the market would experience renewed confidence, allowing domestic and foreign investors to invest. 

During the next conference, the SEC will also unveil the amended version of the 10-year Capital Market Master Plan, according to Mr Yuguda.  

He stated that the strategy will take into account the market’s dynamism as well as advancements in FinTech, among other things. 

“As economic and capital market activity are expected to increase, we must stay dedicated to growing the market in accordance with the 10-year Master Plan.” 

“The repeal of the Investment, Securities Act (ISA) 2007 and the passage of the Investment and Securities Bill 2021 are two significant measures to be undertaken in 2022. 

“We will give the appropriate incentives and support to entice SMEs to get listed in cooperation with the National Association of Securities Dealers (NASD) platform.” 

“Crowd-funding guidelines have already been designed to encourage new funding sources for SMEs. By keeping pace with ongoing changes in market behavior, the SEC will continue to strengthen the existing regulatory framework regulating market operations,” he stated. 

Mr Yuguda stated that the Commission would improve coordination with other stakeholders such as the National Assembly, CBN, PENCOM, NAICOM, DMO, and FIRS to ensure that the master plan’s objectives were met. 

He went on to say that the SEC will lobby appropriate government bodies to guarantee that their shares were listed. 

He went on to say that policies will be promoted to encourage firms like Dangote Refineries to sell their shares to the public and list on any of the commission’s registered platforms.  

spot_img

Related

I’ll Support Tinubu on Nigeria’s Economic Growth, Security – Biden

President Joe Biden of the United States has vowed...

Anambra State Government Takes Initiatives to Digitalize Its Services

To better serve its citizens, the Anambra State government...

Nigeria Records 55 Million Malaria Cases Annually – FG

The Federal Government said an estimated 55 million cases...

FG Grants Nigerian Citizenship to 385 Foreigners

The Federal Executive Council (FEC) approved the granting of...

What Makes Tinubu Different From Buhari – Fashola

Minister of Works and Housing, Babatunde Fashola has revealed...
spot_img
spot_img
spot_imgspot_img