Ms Arunma
Oteh, the Director-General, Securities and Exchange Commission (SEC), on Thursday
said the reforms in various sectors of the economy would help to revamp the
capital market in 2013.
Oteh made
the observation at the opening ceremony of SEC's Journalists' Academy for 2012
in Abuja.
She said
that the commission was following the reforms in the power sector.
According to
her, SEC is monitoring the reforms to ensure that the privatised companies are
listed on the Nigerian Stock Exchange.
Oteh said
that the commission was working tirelessly to ensure listing of upstream,
downstream, telecommunication companies on the Exchange.
She said
that the nation's bourse had been recognised internationally as the world most
performing capital market.
Oteh said
that the capital market had recorded over 30 per cent year-to-date growth and
the best any market could offer in the world.
According to
her, it is now known that without a world class market, Nigeria cannot solve
its infrastructure problems and transition in agricultural sector.
"The
capital market is not driven by euphoria, but by fundamentals of different
sectors of the economy represented on the Exchange," she said.
The
director-general said that the Barclays Global Investors Index would admit the
Federal Government bond in its index by March, 2013.
She
commended the Federal Government for stockbrokers' forbearance package and the
removal of value added tax and stamp duty on capital market transactions.
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