Thursday, February 25African Business News
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Tag: CIS

‘Investor patronage crucial to sustainable economic development’

‘Investor patronage crucial to sustainable economic development’

Business
The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL), and the Chartered Institute of Stockbrokers (CIS), have said investor participation is pivotal to the sustainable development of any economy. Representatives of the three groups stated this at a webinar organised by the NSE in collaboration with the NISL, and supported by the CIS, and the Association of Securities Dealing Houses of Nigeria (ASHON). Specifically, the Chief Executive Officer, NSE, Oscar Onyema, in his address, explained that investor participation was crucial to sustainable economic growth. He expressed the Exchange’s commitment towards expanding retail investment opportunities in the capital market, and to playing its role in advancing the Federal Government’s financial inclusi...
SEC to develop healthcare infrastructure fund

SEC to develop healthcare infrastructure fund

Business
The Securities and Exchange Commission (SEC), has unfolded plans to develop a capital market-sponsored Healthcare Infrastructure Fund, as part of measures to tackle the effects of COVID-19 and other related cases. Besides, the Commission also announced that it has commenced work on the rules on warehousing and collateral management, as regards the commodities exchange to ensure the existence of a conducive regulatory framework that will drive the entire system. The fund will be structured on a commercial basis to generate good returns to investors, and provide the needed healthcare infrastructure in the country. To this effect, the SEC, according to the Director-General, Lamido Yuguda, is currently working with the government to ensure that the right policies are put in place for ...