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$1trn economy: SEC lists factor constraining capital market’s potential

SEC supports mutual fund with N18.2bn - Official

Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Tuesday in Lagos. Agama, represented … Read more

FG issues N1.1trn Sukuk bonds for road projects

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The Securities and Exchange Commission (SEC) has said the Federal Government issued six Sovereign Sukuk worth N1.1 trillion ($657.6m) to finance 124 federal road projects. A statement by SEC said its Director-General, Dr Emomotimi Agama, said this during the ongoing 2nd International Islamic Capital Market Conference in Karachi, Pakistan on  Thursday. Agama said the road … Read more

PenCom lifts restrictions on LPFAs investing in commercial papers

PenCom lifts restrictions on LPFAs investing in commercial papers

The National Pension Commission (PenCom) has lifted restrictions on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). This decision was announced through a circular issued by the commission on Tuesday in Abuja. According to the circular, the Securities and Exchange Commission (SEC) has … Read more