SEC Official Outlines Steps to Deepen Nigeria’s Capital Market

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Goddy Egene

Realising the need to deepen the nation’s capital market, the Head, Economic Research and Policy Management Division, Securities and Exchange Commission (SEC), Dr. Afolabi Olowookere has listed steps that should be taken by all stakeholders to make the market more attractive.

Speaking at the 9th Annual Conference and Induction of Associates ceremony of the Institute of Capital Market Registrars (ICMR) in Lagos, Olowookere said the challenges of liquidity, valuations and cost of listing are critical to issuers and investors.

He, therefore, stressed the need to addressed these issues more vigorously, noting that Nigerian issuers and investors would increasingly look outside the country.

“We need to retain them and attract others. Other platforms are growing. There is the need to maximise the benefits from the debt segment, especially on the FMDQ Securities Exchange and unlisted securities on NASD OTC as well as commodities,”…



Source: Thisday Newspaper