NSE-reforms
File: SEC boss Mary Uduk.

The Securities and Exchange Commission (SEC) has restated its commitment to strengthen the capital market via reforms.

This was revealed by the Head of Registration and Market Infrastructure Department, SEC, Emomotimi Agama at the Chartered Institute of Stockbrokers’ 22nd Annual Conference recently.

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According to Agama, “The capital market master plan initiatives are the revitalisation of commodities trading ecosystem, the digitisation push, regulatory-induced consolidation, demutualisation of the Nigerian Stock Exchange and the review of major laws.

“We are also encouraging new listings, promoting direct cash settlement, introduced a corporate governance scorecard, risk-based supervision and reduced the transaction cost for primary issuance to attract investors.”