Adopt new measures to deepen Nigeria’s capital market — SEC DG

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THE Securities and Exchange Commission, SEC, has charged operators to ensure that they adopt best practices to deepen the capital market in order to achieve increased economic development in Nigeria.

Addressing members of the association of Stock broking Houses of Nigeria (ASHON) in Abuja last weekend the Ag. Director General of SEC, Ms Mary Uduk, noted that a well-functioning capital market is essential to Nigeria’s economic development, adding, “to realise its full potential, the country must have a world class capital market that is strong, sustainable, effective, and plays a central role in economic development.”

Uduk commended members of the group on their efforts so far in deepening the market especially for their support towards the financial literacy campaign of the SEC and assured them of the readiness of the SEC to continue to work with them.

Speaking earlier, Chairman of ASHON, Chief Onyewechukwu Ezeagu, pledged the commitment of the group to the growth of the capital market, adding that whatever is done to make the market work is of concern to the association.

“We have always worked with SEC and will continue to do so and accord you all the co-operation you require to succeed,” Ezeagu said.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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