The Nigerian Capital Market Institute (NCMI) is currently hosting a Journalist Academy at the Lagos Zonal Office from November 14th to 15th, 2023. LAMIDO YUGUDA, the Director-General of the Securities and Exchange Commission (SEC) Nigeria, was ably represented by Mr. Dayo Obisan, the Executive Commissioner of Operations, welcomed esteemed guests and participants to delve into the intricacies of the capital market.
During the event, Mr. YUGUDA expressed gratitude to journalists for their crucial role in informing, educating, and guiding investors. He underscored their significant contribution to market transparency, accountability, and integrity. The Director-General’s speech highlighted SEC’s recent efforts, including the revision of the Capital Market Master Plan (CMMP), amendment of the Investments and Securities Act (ISA), and human resources restructuring.
Technological advancements, such as co-location hosting and a sophisticated surveillance system, were showcased, emphasizing the Commission’s commitment to modernizing the market. Mr. YUGUDA also discussed SEC’s support for sustainable finance, international collaborations with securities commissions, and the pivotal role of the capital market in economic growth.
The speech covered initiatives addressing unclaimed dividends, promoting fintech participation, and cautioning against unregulated digital assets. The SEC’s dedication to investor protection, market growth, and addressing infrastructure deficits took center stage.
In conclusion, SEC DG expressed confidence in achieving set targets, enhancing market capitalization, and adapting to the dynamic market environment. The Journalist Academy aims to equip participants with a profound understanding of the capital market’s core operations and emerging trends, fostering collaboration for sustainable market growth over the two-day event.