CAPITAL MARKET: Focus on investor protection, SEC tells credit rating agencies


Securities Exchange Commission
Securities Exchange Commission

By Tunde Oso

The Securities & Exchange Commission (SEC) has admonished Credit Rating Agencies (CRAs) operating in Nigeria to focus on investors’ protection in all their dealings, services and activities within the capital market.

This was contained in the goodwill message delivered on behalf of Mallam Lamido Yuguda, the Director General of the Commission, by its Head of Monitoring Department, Mr Adamu Sambo at the inaugural Edition of DataPro’s Annual Webinar on Credit Rating Imperatives for Issuers and investors held in Lagos.

The webinar, attended by participants from different parts of the world, was hosted by DataPro, a technology-driven Credit Rating Agency and the Association of Issuing Houses of Nigeria (AIHN).

In his welcome address, the Managing Director and Chief Executive Officer of DataPro, Mr Abimbola Adeseyoju called for greater socialisation of the crucial role played by Credit Rating Agencies in the efficient allocation of capital and resources…

Source: Vanguard Newspaper

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