SEC hails NASD, assures support for innovation

Securities and Exchange Commission (SEC), has praised the Board and Management of NASD Plc on some innovations embarked upon by the Exchange to improve its competitiveness and general development of the Nigerian capital market.

The Chairman of NASD, Mr Kayode Falowo, led a courtesy visit to the new Director-General of the Commission, Dr Emomotimi Agama and his team in Abuja.

Dr Agama hailed NASD for the initiatives, which will deepen the digitalization of its operations.

He assured the Exchange of the Commission’s willingness to support efforts that would develop the Nigerian capital market.

Dr Agama said: “The Commission is committed to diligently promoting innovation in the Nigerian Capital Market within the parameters of existing and potential regulation to facilitate effective development and transformation of the Nigerian capital market.

"I urge the NASD team to be incisive, clear and specific about the areas of the Capital Market they seek to participate in.

“Be rest-assured that the Commission will be true to its mission in supporting innovation that will contribute to significantly developing the capital market and the Nigerian economy as a whole. Our drive is propelled by the pronouncement of the Bola Tinubu administration to attaining an economy of a GDP size of US$1trillion within the next decade."