The Securities and Exchange Commission (SEC) has said it is exploring various avenues to deepen the equities market by having more companies listed in the market and to increase the number of products in the market.
The commission said the initiative would raise the market capitalisation of the Nigerian Stock Exchange (NSE) and contribute to the development of the nation’s national economy.
The Director-General, SEC, Lamido Yuguda, disclosed this at the 2020 annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos.
Yuguda, who was represented by Mr Stephen Falomo, Director, Lagos Zonal Office, SEC, said the commission took some strategic initiatives to boost market activities and crystallise the growth of the Nigerian capital market on the heels of the Covid-19 pandemic.
He noted that this was done to cushion the negative impact of the global pandemic in the capital market, while adding that its committee in the drive against the pandemic has continued to provide support and equipment towards combating the pandemic and its effect.