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SEC commends NASD, assures support for innovation

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Securities and Exchange Commission (SEC), has commended the Board and Management of NASD Plc on a series of innovations embarked upon by the Exchange to enhance its competitiveness and overall development of the Nigerian capital market.

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

Dr Agama commended NASD for the initiatives, aimed at deepening the digitalization of its operations. He assured the Exchange of the Commission’s preparedness to support efforts that would develop the Nigerian capital market. He advised NASD to be focused on the specific areas of the market where it wants to operate.

“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. “, Agama explained.

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