SEC collaborates with RIMAN to deepen capital market

The Securities and Exchange Commission (SEC) has expressed readiness to collaborate with the Risk Management Association of Nigeria (RIMAN) to make more products available and deepen the capital market.

The Director-General of SEC, Mr Lamido Yuguda stated this in a goodwill message at RIMAN 20th international conference held virtually in Thursday in Lagos.

Yuguda disclosed that from the outbreak of the pandemic to the subsequent lock down, the Commission had worked with Capital Market Operators and other industry stakeholders to ensure that the market experiences minimal destruction.

He said the SEC had supported and acquired the emergence of various technological driven innovations around market operations and products some of which include Fintech, Digital Assets and Crowdfunding.

“To support this, we developed a regulatory framework to galvanize these activities while focusing on managing the risk inherent in the products and activities in-line with our mandate of market development and investor protection.

“In supporting this innovations, we hope to build a better market, attract more investors, and reduce the demographic of the average age that presently invest in our market.

“We also hope to include millions whom were excluded from the capital market by making it easier for them to gain access.


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