SEC to boost market confidence at CMC meeting

The Securities and Exchange Commission of Nigeria has announced the virtual Capital Market Committee meeting for the first quarter of 2024.

The meeting, which is scheduled for Thursday, April 18, will focus on addressing pressing challenges and brainstorming strategic ideas to advance the Nigerian capital market.

SEC disclosed this to Journalists on Monday.

It emphasised that the meeting would focus on critical issues affecting the market and ensure that those concerns were thoroughly addressed.

It added that market players would be given updates on significant accomplishments by various technical committees, including the Commodities Ecosystem Implementation Committee, E-Dividend and Direct Cash Settlement, Financial Literacy, and the Non-interest Capital Market Financial Literacy Technical Committee.

The CMC is an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders.

It serves as a pivotal platform for dialogue, facilitates the exchange of ideas, addresses key issues impacting market growth and organisation, and collaborates on shaping the market’s future.

The committee was established primarily as a means for stakeholders to exchange ideas and provide feedback to the SEC, aiding in the continuous improvement of market operations and regulatory frameworks.

SEC noted, “The meeting will draw CEOs from all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and more.”