The Securities and Exchange Commission (SEC) on Wednesday said financial innovation vital for the conception and delivery of a dynamic industrial society.
Its Acting Director-General, Ms. Mary Uduk, who spoke at the opening ceremony of a two-day international capital market conference in Lagos, also stressed the need to continuously embrace innovation in market operations and regulation.She said the implementation of the 10-year Capital Market Master Plan is already contributing to the growth and development of the nation’s capital market, and by extension, the economy.
She described the theme of the Conference: Leveraging the Capital Market for Economic Growth and Development as apt and timely, given the pressing needs to grow the nation’s economy and achieve sustainable development. The SEC boss stated further that Capital markets across the world have products and mechanisms to stimulate economic growth and development.
“It is also aimed at ensuring that the market contributes much more to the socio-economic development of the nation, particularly in facilitating capital-raising for sustainable development and transformation of key sectors,” she said. Furthermore, she said the current e-Dividend system enables shareholders’ dividend to be paid directly into their bank accounts without the stress of dealing with physical dividend warrants. Also, the Direct Cash Settlement protects investors from funds mismanagement by ensuring that the proceeds of their shares sales are credited directly into their own account as against.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Capital Market Master Plan Already Adding To Nigeria’s Growth – SECCapital Market Master Plan Already Adding To Nigeria\u2019s Growth \u2013 SEC The Securities and Exchange Commission (SEC) has disclosed that the implementation of its 10-year capital market Master plan is already contributing to
Read more »
SEC, Consumer protection agency to conduct joint review of capital market transactions - Premium Times NigeriaThe Memorandum of Understanding between the agencies was signed in fulfilment of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
Read more »
FG Targets N9.7tn Budget in 2020, Says Economy Faces Significant Medium Term Fiscal Challenges - THISDAYLIVE* Projects lower oil revenue, benchmark price in 2020 By Ndubuisi Francis in Abuja The federal government, Tuesday unveiled the draft 2020-2022 Medium Term Fiscal Framework (MTEF) and Fiscal Strategy Paper (FSP) with a projected total budget of N9,789,243.466 for 2020. It expressed concern that the country faces significant medium term fiscal challenges, especially with …
Read more »
Magu makes revelations as EFCC, FBI announces recoveries from 'Yahoo boys' - Daily Post NigeriaThe acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, says partnership with the Federal Bureau of Investigation, FBI, ta
Read more »
CBN set to deepen digital transformation culture | The Guardian Nigeria News - Nigeria and World NewsStakeholders have called for the adoption of a changing culture in the workplace to match the evolving technological demands of the 21st century, boost innovation and productivity.
Read more »
Igboun confident of scoring goals for Dynamo - The Nation NewspaperSuper Eagles striker Sylvester Igboun is poised to impress his new Russian club by scoring vital goals that will bring success to the club following one....
Read more »