March 22, 2023



SEC Nigeria to co-operate with The Gambia on capital market

The Securities and Alternate Fee has assured its Gambian counterpart of needed help of their want to develop extra merchandise of their bid to deepen their capital market.

Government Commissioner Operations of the SEC, Mr. Dayo Obisan, acknowledged this when he acquired a Workforce from Central Financial institution of The Gambia who have been on a research go to to the Fee’s Zonal Workplace in Lagos not too long ago.

Obisan disclosed that the SEC Nigeria is making a number of efforts to draw extra Nigerians to the capital market, one in every of such steps is acknowledged within the Revision of the 10-year capital market grasp plan which was launched not too long ago by the Minister of Finance, Price range and Nationwide Planning Mrs. Zainab Ahmed.

He mentioned, “We’re doing a few issues in Nigeria, just a few few days in the past we simply relaunched our Revised capital market grasp plan. Aside from the enabling legislation that now we have, the capital market grasp plan is a 10-year doc which we labored with in the previous couple of years.

On unlawful fund managers working within the capital market, the SEC Commissioner mentioned it’s not peculiar to Nigeria, however assured that the Fee has put some measures in place in its quest to make sure that Nigerians usually are not fleeced of their hard-earned cash by these unlawful outfits.

Obisan instructed the Gambian guests that the promoters of those unscrupulous schemes pose as operators within the capital market to defraud traders of their cash with mouth-watering guarantees of return on investments.

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