In an effort to increase wealth for investors and residents as well as spur economic progress, the Securities and Exchange Commission has stated its intention to deepen and diversify Nigeria’s capital market.
In a weekend interview, Mr. Lamido Yuguda, director general of the SEC, highlighted that the development of capital markets will facilitate the allocation of resources to projects with the highest expected returns as well as the complete engine of saving and investing.
The head of the SEC noted that in an effort to grow the market, the Commission recognized the need for a platform where it could communicate with issuers in an effort to deter delisting.
He also revealed that the Commission has implemented a number of additional incentives to encourage companies to list on the nation’s bourse as it provides enormous benefits to both companies and investors