The Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors in the Nigerian capital market as that is one of the critical ways of deepening the market.
Director General of SEC, Mounir Gwarzo stated this when the Management of the Commission visited the Federal Radio Corporation of Nigeria (FRCN) on an advocacy visit on the 10 year Capital Market Master Plan.
Gwarzo stressed that the dominance of the market by foreign investors is one of the reasons why the market is not as deep as it ought to be.
He said, “Our intention is to ensure that we raise the level of participation of retail investors in the Market that is the only way we can maintain the strength of the market. Dominance of the market by foreign investor is one of the reasons why our market is the way it is.
Although it is the pattern of the market, but this dominance is a major factor because they are the ones that come in and come out. We need to upscale the participation of the retail investors in the market and that is why we are addressing some of their concerns.
Anyone you meet today and tell him to come back, the issue of unclaimed dividends is always a major problem
