Friday, April 16, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result

‘How innovative process, products will deepen Nigeria’s capital market’

Olamiposi Oluwaseyi by Olamiposi Oluwaseyi
October 1, 2019
in Markets & Companies
0
‘How innovative process, products will deepen Nigeria’s capital market’
0
SHARES
26
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Securities and Exchange Commission has highlighted how new processes and products will deepen the capital market.

Speaking during a visit by students of Aduvie Pre-University College; Modibbo Adama University, Yola; and the University of Abuja to the Commission during the week, the Acting Director-General, Ms Mary Uduk, noted that beyond the conventional capital market products of equities and bonds, as well as manual regulatory processes, players and regulators of the Nigerian capital market were introducing new processes.

READ ALSO

Nigerian stock market sheds 0.17% on renewed bearish activity 

Bulls upstage bears as Nigerian market rebounds by 0.09%

According to Uduk, capital markets across the world have products and mechanisms to stimulate economic growth, adding that though many of such products are available in Nigeria, there are aspects that are still untapped.

Read Also:

  • Curbing price gouging in Nigeria's free market
    Curbing price gouging in Nigeria's free market
  • Food prices in Nigeria and need to halt herders/farmers' conflicts
    Food prices in Nigeria and need to halt…
  • Executive Order 007 indispensable for road infrastructure development - Shonubi
    Executive Order 007 indispensable for road…

Some of the processes of the SEC that were manual and inefficient are now being automated to make the market more attractive to investors, she asserted.

She said, “For instance, with the dematerialisation process completed, investors no longer need to worry about loss or damage to their physical share certificates,as they are now electronically stored.

“Further, the e-dividend system enables shareholders’ dividends to be paid directly into their bank accounts, without the stress of dealing with physical dividend warrant.”

She also cited the Direct Cash Settlement, which protects investors from funds mismanagement by ensuring that the proceeds of the sales of their shares are credited directly into their own account as against that of the stockbroker.

“We are equally working on ensuring that companies’ annual reports are distributed electronically, thereby ensuring timeliness of information to shareholders and cost reduction to public companies,” she stated.

The Acting DG told the students that through the Commodities Trading Implementation Committee, the Commission had engaged the Standards Organisation of Nigeria to publicise the relevant standards issued for agricultural products, while warehouses had also been mapped to provide information on its availability and location.

In his remarks, Head, Faculty of Social Sciences, Aduvie Pre-University College, Mr Sixtus Onyekwere, said the college was making a difference in the lives of the students.

According to him, to be rich in life, one needs to start a business, invest in financial markets and learn how money works.

“To get this education, you need to leave your school environment once in a while to visit places like the Securities and Exchange Commission, learn about its operations, get advice from accomplished entrepreneurs and interact with the real money-makers. This will teach you how money works and how you can take advantage of the opportunities around you,” he said.

close
Subscribe to our newsletter and join thousands of readers of our financial, economic & investments news blog!
We don't spam with your email

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: Capital MarketOlamiposi OluwaseyiSECSecurities and Exchange Commission

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Olamiposi Oluwaseyi

Olamiposi Oluwaseyi

Related Posts

Nigerian stock market sheds 0.17% on renewed bearish activity 
Stock Market

Nigerian stock market sheds 0.17% on renewed bearish activity 

April 15, 2021
Bulls upstage bears as Nigerian market rebounds by 0.09%
Stock Market

Bulls upstage bears as Nigerian market rebounds by 0.09%

April 14, 2021
Fidelity Bank’s N41.2bn bond proceeds for infrastructure, SMEs
Companies

NGX lists BUA Cement’s N115bn bond 

April 13, 2021
Bears sustain hold as Nigerian stock market dips further
Stock Market

Bears sustain hold as Nigerian stock market dips further

April 13, 2021
No disruption to operations, NSE assures at first digital closing gong
Stock Market

Nigerian stock market opens week bearish, contracts by 0.40%

April 12, 2021
Financial Street - NSE to host 4th edition of equities market data workshop
Stock Market

Bulls hold sway on Nigerian stock market

April 9, 2021
Next Post
Nigeria positions aviation sector for GDP growth

Nigeria positions aviation sector for GDP growth

RECENT STORIES

Nigerian stock market sheds 0.17% on renewed bearish activity 

Nigerian stock market sheds 0.17% on renewed bearish activity 

April 15, 2021
Gombe seals offices of rent defaulters

Gombe seals offices of rent defaulters

April 15, 2021
Navy receives new offshore survey vessel

Navy receives new offshore survey vessel

April 15, 2021
Financial Street - TUC kicks against planned electricity tariff hike

Nigerian govt apologises over power outage

April 15, 2021
Amref establishes commission to review Africa's universal health coverage

IFC seals $300m deal for Africa’s health sector

April 15, 2021
Kenya's economy to grow by 6.4 per cent

Africa’s economy snails behind galloping others

April 15, 2021
renewable energy

Facebook signs renewable energy deal in India

April 15, 2021

TRENDING

  • Adesegun Banjoko, President-elect, National Association of Block Moulders of Nigeria

    Blame govt for high cement price – Banjoko

    0 shares
    Share 0 Tweet 0
  • Professionals need strategy to survive in job market – Funmi Bajulaiye

    2 shares
    Share 0 Tweet 0
  • Urban renewal not just about road construction, rehabilitation – Ezutah

    0 shares
    Share 0 Tweet 0
  • Taking off hassles of car ownership

    0 shares
    Share 0 Tweet 0
  • Jury happy as SuperSport clinch W’Cup broadcast rights

    2 shares
    Share 0 Tweet 0
Financial Street is a meeting point for technology, economy, and journalism.

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS