INTERVIEW: Fleeing investors will return to Nigeria after 2019 election, says SEC acting DG

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Mary Uduk, acting director general of the Securities and Exchange Commission (SEC), says the recent outflows experienced in the Nigerian capital market will be remedied when the 2019 general election is concluded.

In a session with journalists at the just concluded 2018 annual meetings of the World Bank Group and International Monetary Fund, Uduk who was appointed by Kemi Adeosun, former minister of finance, gave an update of her activities since she assumed the position at the commission.

In the past few months, we have seen a persistent decline in capital market activities and have also seen an outward movement of capital. What is responsible for this?

Uduk: If you look at the global market report that was released yesterday and what we already know in respect to the increase in interest rate in advanced countries, especially in the US, a lot of time, foreign investors find such…



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