The Securities and Exchange Commission, SEC, has stated that the various initiatives being implemented in the 10- year capital market master plan have made the capital markets more attractive to investors.
Acting Director General, Ms. Mary Uduk who stated this in a New Year Message to Capital market operators and stakeholders, commended them for their relentless service towards the growth and development of the market.
She sincerely thanked all Capital Market Operators and Stakeholders, for their immense efforts and contribution towards developing the Nigerian Capital market and enjoined them to be committed to the Nigerian Capital Market Project adding that it is time to make all the difference to make the vision of a world-class market a reality.
According to her, “The year 2019 saw us record tremendous results in a number of initiatives largely derived from the 10-year Capital Market Master Plan. These initiatives have helped make the market more attractive, efficient and properly positioned to harness its true potentials.
“Through the implementation of interventions such as the Electronic Dividend Mandate Management System (E-DMMS) and the Identity Management System, we have made reasonable success in reducing the huge quantum of unclaimed dividends.
Uduk said that as the capital market journies through the Fourth Industrial Revolution, it has developed a roadmap to guide the industry towards innovation, and embrace a technology-driven approach in the regulatory oversight of our market.
