SEC to unveil plans for capital market

The Securities and Exchange Commission is set to unveil its vision for the Nigerian capital market at the Second Capital Market Committee Meeting.

A statement by the SEC made available to our correspondent on Wednesday, the meeting, scheduled for August 14 in Lagos, aligned with President Bola Tinubu’s Renewed Hope Agenda, focusing on strategies to enhance the market’s role in driving economic growth and development.

It noted that the Director General of the SEC, Emomotimi Agama, would outline the commission’s plans to attract investments, improve market efficiency, and safeguard investor interests.

“This meeting represents a crucial step in shaping the future of our capital market. We are committed to fostering an investment climate that embraces innovation and sustainability while protecting investors,” the statement said.

The CMC meeting will bring together stakeholders, including CEOs from registered capital market firms, brokers/dealers, investment advisers, custodians, and fund/portfolio managers. The agenda will cover the current landscape of the Nigerian capital market, the regulatory framework, and strategies for future growth.

According to the SEC, participants will review reports from technical committees and market infrastructures, with a particular focus on emerging market trends.

The Capital Market Committee, an industry-wide body including the SEC and other market operators, serves as a platform for dialogue and collaboration.

“This meeting is an opportunity for us to discuss key issues impacting market organization and future development,” said a representative from the SEC. “Our goal is to ensure a dynamic and innovative capital market that meets the needs of all stakeholders,” the statement added.

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