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SEC woos firms to capital market

He emphasised the commission’s determination to encourage new listings while urging the exchanges to take proactive measures in attracting more companies to the market.

“We must encourage more companies to list on the exchange to enhance market liquidity and overall market activity. Expanding market participation through additional listings will unlock the full potential of Nigeria’s capital market, which aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration,“ Agama said.

The SEC boss outlined initiatives aimed at making the commission’s rule-making process faster and more efficient, stating, “These include defragmenting existing rules and codifying them into a comprehensive rule book.”

He added that the commission was updating regulations on digital assets, setting guidelines for the ongoing banking recapitalisation, and developing a framework for onboarding virtual assets service providers.

Agama urged capital market operators to invest in advanced technology to upgrade trading platforms and improve data dissemination.

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