✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

Capital market: SEC introduces electronic filing to reduce listing time

The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has hinted that various initiatives have been implemented to reduce time to market and improve efficiency in the capital market.

Speaking in an interview, Agama said the initiatives included streamlined registration processes, the introduction of an electronic filing system and enhanced regulatory frameworks, among others.

He said the aim was to promote economic growth and development.

According to him, a shorter time to market can benefit capital market development in several ways, including increased liquidity, which will lead to faster listing.

This, the SEC boss said, would allow companies to access capital more quickly, increase liquidity in the market and enable firms to allocate resources more efficiently, thereby driving economic growth.

Agama said, “Shorter time to market will also improve investor confidence because when the listing processes are efficient, it can enhance investor trust and confidence in the market.

“A shorter time to market can make a jurisdiction more attractive to companies and investors, promoting competition and growth.”

Agama further said the commission, in 2019, issued a new rule on the electronic public offering (e-PO) system which streamlined the process of issuing new securities.

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

Breaking NEWS: Nigerians can now earn US Dollars. Earning $15,000 (₦25 million naira) Monthly as a Nigerian is no longer complicated.


Click here to start.