• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanha Hausaig Igboit Italianko Koreanla Latinpt Portugueseru Russianes Spanishsw Swahiliyo Yorubazu Zulu
Express Day
No Result
View All Result
Home BUSINESS

SEC harps on importance of capital market to Nigeria’s economic growth

ExpressDay by ExpressDay
January 28, 2020
in BUSINESS, Finance
0
SEC harps on importance of capital market to Nigeria’s economic growth
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

 

By Anthony Isaac

Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk has emphasized that the capital market was crucial to Nigeria’s quest to achieve economic growth and development.

Uduk stated this during a visit to media houses in Lagos, Tuesday, a statement by the commission, has said.

The DG who was represented by Head, External Relations Department, Mr. Sufian Abdulkarim said the capital market can assist the nation in its infrastructural development while also creating wealth for Nigerians.

According to her, the SEC is stepping up regulation to ensure that Nigerians are able to invest in the market and get returns on their investment.

“We have zero tolerance for infections in the market and will not hesitate to apply the necessary sanctions on any operator that is found wanting. We are doing all of these to make the investor know that his money is safe in the market,” she said.

Uduk while commending the media on their role in educating and enlightening members of the public on the opportunities that abound in the capital market, however stated that more needs to be done for it to perform better.

She said: “We are aware of the support and co-operation we have received from the media so far, but we want to further solicit your help especially as it relates to issues around our recent initiatives, to enlighten investors on the need for them to key-in.

“We urge Nigerians to go out and register for the e-dividend, they need to consolidate their multiple accounts as these are some of the ways they can get the benefits of investing in the market while also reducing the unclaimed dividends profile”.

“We also have the Direct Cash Settlement which makes it possible for investors accounts to be credited directly when there is a transaction. We have also migrated from physical share certificates to electronic ones. All these initiatives are geared towards marking our market perform better and ensure investors receive the benefits of their investments.

The SEC boss however cautioned investors to ensure they do due diligence before investing their hard earned money on any product to avoid patronising fund managers that are not registered.

Like this:

Like Loading...

Related

Previous Post

Senate to drop death penalty in Hate Speech Bill — Sen. Abdullahi

Next Post

CPC seals Abuja supermarket for selling expired food items

ExpressDay

ExpressDay

Next Post
CPC seals Abuja supermarket for selling expired food items

CPC seals Abuja supermarket for selling expired food items

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
With LP ahead, presidential poll heads for run-off — Nextier

With LP ahead, presidential poll heads for run-off — Nextier

February 5, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
A Rector and His Giant Strides

A Rector and His Giant Strides

January 27, 2023
Group blasts Omo-Agege’s aide over lies against Ogboru’s alliance with Okowa

Oddiri’s campaign of calumny can’t change Deltans’ love for Ogboru – Okotie-Eboh

January 21, 2023
Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day

%d bloggers like this: