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The Securities and Exchange Commission (SEC) of Nigeria has the onerous responsibility of regulating and developing the Nigerian capital market, especially in the areas of ensuring that the market provides an important channel of financing for the real economy, allocating risk
The Securities and Exchange Commission (SEC) of Nigeria has the onerous responsibility of regulating and developing the Nigerian capital market, especially in the areas of ensuring that the market provides an important channel of financing for the real economy, allocating risk, supporting financial stability as well as smoothening transmission of monetary policy. The executives of the commission have taken up this duty since the inauguration of the board in 2019.
At the moment, the SEC regulates and supervises all capital market operators including the eight main Exchanges in Nigeria: AFEX Commodity Exchange Ltd, FMDQ Securities Exchange Ltd, Lagos Commodities & Futures Exchange Limited, Gezawa Commodity Market and Exchange, National Association of Securities Dealers OTC Plc, Nigeria Commodity Exchange, Nigerian Exchange Ltd, and Prime Commodity Exchange
The activities of the commission help to protect investors and market operators thereby ensuring the integrity of the securities markets. This is done through registration, surveillance, regulation, and enforcement of ethical market conduct.
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The Commission has also supported market development through the introduction of robust frameworks for new products and processes in collaboration with market stakeholders, which has led to the introduction of derivatives, green bonds, and Sukuk. It has also created a world-class capital market in Nigeria capable of contributing to the attainment of socio-economic development in the country.
