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SEC eases activity for companies to checklist on the Nigerian Stock Market, aims to raise narrate in 2024 

The Securities and Change Payment (SEC) has no longer too long ago announced the implementation of fresh measures geared toward simplifying the activity for companies to checklist their shares on the Nigerian Change.

This initiative is allotment of broader efforts to toughen the attractiveness and efficiency of the Nigerian capital market.

The trek follows a call from the SEC’s Director-Frequent, Dr. Emomotimi Agama, for more companies to checklist on the replace.

Here’s in step with the Central Monetary institution of Nigeria’s (CBN) $1 trillion financial blueprint, which seeks to bolster the nation’s capital market as a extreme driver of business narrate.

In September 2024, Dr. Agama outlined the associated price’s efforts, which contain streamlining the registration activity, introducing digital filing techniques, and updating regulatory frameworks.

Statement from Director-Frequent, SEC

Dr. Agama emphasized that the faster itemizing activity will enhance market liquidity, promote financial narrate, and toughen investor self perception. He acknowledged:

“The Payment has been actively digitizing its operations, collectively with the submission and processing of applications for securities registration, to lower delays precipitated by handbook processes.” 

He also highlighted the role of know-how in automating certain procedures, which reinforces transparency.

“This entails the usage of digital platforms for doc submissions and approvals, which no longer greatest hastens the activity however also improves transparency,” he added. 

Additional, Dr. Agama indispensable that the SEC has undertaken main regulatory reforms to simplify the approval activity. These reforms contain updating principles to copy most contemporary market realities and adopting world greatest practices that promote efficiency.

What to understand 

  • The SEC has developed frameworks for the ongoing banking recapitalization activity, guaranteeing a soft and clear capital-elevating activity for banks.
  • On August 15, the associated price approved recapitalization affords obtained from commercial banks, marking a first-rate step in the recapitalization inform.
  • A digitalization force is being implemented by the SEC, collectively with digital submission and processing of applications for securities to lower delays.
  • The associated price launched a pointers evaluation for the registration of fixed-profits securities, which has deal shortened evaluation and approval timelines.

Dr. Agama additional indispensable that the SEC is committed to guaranteeing swift issuance processes for companies wishing to enter the market, with clear timelines for approvals.

He assured that the associated price would knowledge applicants by the activity, guaranteeing timely solutions and transparency for the duration of.

These reforms are anticipated to originate the Nigerian capital market more competitive and ambiance friendly whereas positioning it as a key player in reaching Nigeria’s broader financial targets.

Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a monetary market creator and seller with broad expertise in both Nigerian and world markets. With a enthusiastic stare for market trends and a ardour for insightful prognosis, he interprets advanced monetary ideas into participating scream material. By combining shiny trading journey with thorough compare, Okoye affords precious views that empower readers to originate urged choices in the ever-evolving world of finance.

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