SEC urges state-owned enterprises to list on Nigerian Exchange

The Securities and Exchange Commission is encouraging State-Owned Enterprises to consider listing on the Nigerian Exchange market as a means to foster democratization, inclusiveness, and generate wealth for Nigerian citizens. The SEC Director General emphasized the importance of inclusivity in promoting ownership and unity within the country. He mentioned that the SEC would provide incentives to encourage SOEs to list their securities and educate them on the benefits of listing. By reducing the time to market and offering support, the SEC aims to facilitate a reliable timeline for companies looking to list. Additionally, the SEC is utilizing technology to enhance inclusion in the capital market, with a focus on attracting younger investors through apps, FinTech tools, and the e-offering platform at the Nigerian Exchange. The goal is to provide investors with a seamless and enjoyable experience to rejuvenate the Nigerian capital market.