SEC, Stakeholders Hold Retreat on Market Growth

20 Nov 2012

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DG, SEC, Arunma Oteh

Efforts to deepen the Nigerian capital market will move to Warri, Delta State next week as stakeholders including regulators, operators and government agencies will gather for the second annual Capital Market Committee (CMC) Retreat to discuss how the market can help in the transformation agenda of the Federal Government.

Speaking in Lagos Monday, the Chairperson, CMC Retreat Organising Committee, Mrs. Toyin Sanni, said the event- an annual gathering of the capital community- began last year in Uyo, Akwa Ibom State and is currently being hosted by Delta State government this year between November 25and 28 in Warri.

According to her, the effort of past conference had resulted in the harmonious relationship, which has caused growth in the market. She stated  that this year’s event will consolidate on the gains of 2011.

She said the Director-General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, and her executive team, chief executive officers of capital trade points such as the Nigerian Stock Exchange and the Abuja Securities and Commodities Exchange, leaders of capital trade groups such as the Chartered Institute of Stockbrokers, Association of Issuing Houses of Nigeria; Association of Corporate Trustees, Capital Market Solicitors Association, Association of Asset Custodians, the Registrars, Funds Managers and Reporting Accountants will be at the event.

Sanni noted that the retreat, which has its theme: “The Pivotal Role of the Capital Market in the Transformation Agenda of the Federal Government of Nigeria” aimed to serve as a veritable avenue to proffer suggestion for the growth of market in 2013.

According to her, other activities at the conference include key note address and paper presentation by the Governor of the Central Bank of Nigeria (CBN), Delta State Governor, Emmanuel Uduaghan as well as panel discussion on business development and Infrastructure.
Sanni explained that some of the positive developments being witnessed in the market were the result of the implementation of some recommendations of the sub-committees set up by the 2011 maiden edition of the CMC retreat.

Tags: Nigeria, Business, Featured, SEC, Stakeholders, Market Growth

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