SEC partners RIMAN to deepen capital market operation

The Director-General of Securities and Exchange Commission (SEC), Lamido Yuguda has said that the commission will partner with the Risk Management Association of Nigeria to enhance capital market operation.

According to Yuguda, the commission had worked with capital market operators and other industry stakeholders to support the emergence of various technological driven innovations around market operations and products including fintech, digital assets and crowdfunding.

SEC developed a regulatory framework to galvanise these activities while focusing on managing the risk inherent in the products and activities in line with our mandate of market development and investor protection.

According to him, the commission hopes to build a better market, attract more investors, and reduce the demographic of the average age that presently invests in our market. We also hope to include millions who were excluded from the capital market by making it easier for them to gain access.

This necessitated the need for SEC to collaborate with RIMAN to enhance expansion of the Nigerian capital market.

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