• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Investments, Securities Bill To Provide More Investment Opportunities – SEC

by Olushola Bello
2 years ago
in Business
SEC
Share on WhatsAppShare on FacebookShare on XTelegram

The Securities and Exchange Commission (SEC), has said, the Investments and Securities Bill (ISB) 2023, recently passed by the National Assembly(NASS) is geared to improve the capital market and provide more opportunities for investors.

Advertisement

Chief economist, SEC, Dr. Okey Umeano stated this in an interview in Abuja.

According to him, the ISB 2023 has updated the powers of the SEC as well as made provisions to encourage new products in the capital market as well as encourage development of the commodities ecosystem among others.

Umeano disclosed that the new Bill has amended some of the provisions around Ponzi schemes, illegal fund managers, and certain unwholesome practice in the market to ensure that these practices no longer happen.

“This bill is for everyone, not just investors. It is also to encourage issuers to be more active in the market. It also provides better opportunities for operators; it is a bill that works for everyone.

RELATED

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

5 hours ago
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

16 hours ago

bill has a lot of differences, there are many things we have updated for instance we have updated the powers of the SEC to cover the new product and new areas,” he said.

He emphasised that the ISB also has provisions that encourages the commodity ecosystem which is a viable means of diversifying the nation’s economy away from crude oil especially given the various commodities available in the country.

“Nigeria is a commodity driven economy, we have oil, we have coal, and we have other minerals. We are blessed with agricultural production; we are able to make agricultural products in very large quantities. In fact, Agriculture employs the larger number of working populations of the country. Yet before now, we did not have organized commodity market, to aid this Agriculture.

“Successive government especially this present government have spent a lot of money to support Agriculture but then we a market. When you have a commodity market, it helps price discovery, it helps financing for things like agriculture and that is what we have done in this bill. The ISB has strengthened the capital market to be able to drive the commodities trading ecosystem. We have things around ware house receipts, collateral management, setting up commodities exchanges, other players in the commodity market among others,” he stated.

Umeano disclosed that the Bill also tries to align the capital market with the pension industry by providing that the director general(DG) of the National Pension Commission(PenCom) will become a board member of the SEC.

This he said, will ensure close relationship and will also help to attract more of the pensioner’s assets into the cattle market, which will also help in capital formation and aid economic development.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Fidelity Bank Launches Food Bank Initiative Nationwide  

Next Post

NDIC Begins Verification Of Peak Merchant Bank Depositors

Olushola Bello

Olushola Bello

You May Like

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island
Business

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

2025/07/05
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months
Business

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

2025/07/05
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Interim Dividend: Stocks Gain N377bn In 1 Week

2025/07/05
Nigeria Is Top Investment Pick, Says Asia Fund Veteran
Business

Nigeria Is Top Investment Pick, Says Asia Fund Veteran

2025/07/05
Galaxy Backbone, REA Partner To Power Rural Areas
Business

Galaxy Backbone, REA Partner To Power Rural Areas

2025/07/05
Segilola Resources Unveils Livelihood Programme For Osun Communities
Business

Segilola Resources Unveils Livelihood Programme For Osun Communities

2025/07/05
Leadership Conference advertisement

LATEST

Nigerian Gov’t Grants Visa Overstayers Amnesty To Regularise Status

Revocation: Kaduna Govt To Refund Buyers Of Queen Amina, Alhuda-huda College Houses 

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

NASS To Transmit Constitution Review Report To State Assemblies Before December

Jigawa Local Gov’t Chairman Dies At 61

Club World Cup: 9-man PSG Defeat Bayern To Reach Semi-final

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

Chelsea Complete £48.5m Signing Of Gittens From Dortmund

Forget 2027, Presidency Tells Coalition’s ADC

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.