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Nigeria’s Capital Market On Life Support As Regulator Gets New Board

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Over the years, the Nigeria’s Capital Market has been characterised with series of challenges. These challenges range from poor corporate governance, market manipulations and infractions, dwindling Investors’ confidence and internal fighting for supremacy among others. To address this concern, President Muhammadu Buhari’s led administration took the bold step to reposition the stock market in order to meet international best practice. One of the positive steps taken was the statutory inauguration of a nine man board to oversee the activities of the Nigeria’s Security and Exchange Commission as well as formulate policies for the regulation and development of the Capital Market. While addressing the board, the Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse urged the team to revitalise the stock Market in order to increase Domestic and Foreign Investors participation through mobilization of long term savings for investment.

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