SEC URGES STATE-OWNED ENTERPRISES TO LIST ON NIGERIAN EXCHANGE
Overview: The Securities and Exchange Commission (SEC) has called on government agencies and state-owned enterprises to consider listing on the Nigerian Exchange Limited (NGX) to enhance inclusivity and wealth creation.
Key Points:
1. Encouragement to List:
SEC Director-General Emomotimi Agama emphasized the benefits of listing, which include democratizing operations and promoting citizen participation in wealth generation.
2. Incentives for Listing:
The SEC plans to offer incentives to motivate state-owned enterprises to list on the NGX, aiming for greater inclusivity in the capital market.
3. Technological Advancements:
Agama highlighted the importance of leveraging technology to attract younger investors and improve the investment experience. The SEC supports the use of fintech tools and the newly inaugurated electronic offering platform at NGX.
4. Impact Board Launch:
The SEC has approved the launch of the NGX Impact Board, designed to increase the visibility of sustainability-focused financial instruments and promote green financial products.
5. Commitment to Market Improvement:
The SEC is dedicated to removing barriers in the investment process to invigorate Nigeria’s capital market, ensuring a seamless experience for investors.
Overview: The Securities and Exchange Commission (SEC) has called on government agencies and state-owned enterprises to consider listing on the Nigerian Exchange Limited (NGX) to enhance inclusivity and wealth creation.
Key Points:
1. Encouragement to List:
SEC Director-General Emomotimi Agama emphasized the benefits of listing, which include democratizing operations and promoting citizen participation in wealth generation.
2. Incentives for Listing:
The SEC plans to offer incentives to motivate state-owned enterprises to list on the NGX, aiming for greater inclusivity in the capital market.
3. Technological Advancements:
Agama highlighted the importance of leveraging technology to attract younger investors and improve the investment experience. The SEC supports the use of fintech tools and the newly inaugurated electronic offering platform at NGX.
4. Impact Board Launch:
The SEC has approved the launch of the NGX Impact Board, designed to increase the visibility of sustainability-focused financial instruments and promote green financial products.
5. Commitment to Market Improvement:
The SEC is dedicated to removing barriers in the investment process to invigorate Nigeria’s capital market, ensuring a seamless experience for investors.