Nigeria In One Minute

Concerns Mount over Lack of Board for SEC

Operators in the Nigerian capital market have continued to express dissatisfaction over the prolonged delay by the federal government in reconstituting the board of the Securities and Exchange Commission (SEC), almost three years after the previous board was dissolved.

The operators stressed that in order to ensure improved regulation of the market as well as the attraction of more investments into the economy, there was need to inaugurate a board for the commission.

They argued that the evolvement of any economy significantly depends on a vibrant capital market.

While the Nigerian capital market has very huge potential for companies to raise funds to finance their operations, patronage has been low due to the fact that many investors, especially foreign ones, have stayed away in recent times.

THISDAY, June 27, 2018

 

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