SEC Nigeria partners NERDC to develop curriculum for capital market studies in Nigeria

  Read (1432)
SEC Nigeria partners NERDC to develop curriculum for capital market studies in Nigeria

Wednesday, August 16, 2017 6.00pm/Proshare WebTV

The apex regulator of the Nigerian capital market, the Securities and Exchange Commission of Nigeria, is developing a curriculum on capital market studies as part of the financial literacy programme, for primary and secondary schools in the country. 

This is in partnership with the Nigerian Educational Research and Development Council (NERDC), geared towards boosting investment education. 

The Director-General Mr. Mounir Gwarzo disclosed this at the Q2, 2017 Capital Market Committee press briefing in Lagos. 

Mr Gwarzo said a committee is already in place that is preparing the curriculum and content, while SEC Nigeria has a budget in place for the financial literacy initiative. 

Speaking further Mr. Gwarzo shared that the Q2, 2017 CMC discussed developments around the e-dividend, direct cash settlement, database for capital market operators, dual licence portal, the commodities market eco-system and launching of the SEC statistical bulletin. 

On the e-dividend, the SEC DG maintained that the deadline remains December 31, 2017 while the definite number of 2.1ml Nigerians have been registered, with 432,000 customers identified with bank verification numbers. 

He further stated that in the area of creating awareness on e-dividend, SEC met with secretaries of quoted companies and have agreed to display the e-dividend portal poster at Annual General Meetings. 

In the area of registration of CMOs, Mr Gwarzo informed capital market correspondents that 421 have been registered with their full database and template provided. 

Looking at the bills for the capital market review, the DG stressed that SEC Nigeria is in full support of the CMC committee set up to review the draft bill for the ISA(Investment Securities Act). 

Giving an overview on the state of the market, Gwarzo commended the Central Bank of Nigeria on the FX window for Import/Exports, which he believed has boosted investor confidence. 

He noted at the commodities market ecosystem, AFEX has set up a trading platform which will help the enhance the diversification of the economy, through the Agric sector. 

The SEC Nigeria DG was also happy to inform the capital market correspondents that the “Statistical Bulletin” had been launched that covers all key economic sectors, with accurate data on the financial and capital market.

Watch Video

Related News  

1.       SEC to launch Market Development Fund, with N5ml seed capital

2.      Exposure of Proposed New Rule and Sundry Amendments to the Rules and Regulations of SEC Nigeria

3.      FMDQ Lists Pioneer Infrastructure Debt Fund as SEC Directs CMOs and PLCs to Comply With VAIDS

4.      SEC Issues Circular to all CMOs on Rendition of Various Returns for AML or CFT and NFIU

5.      SEC Directs CMOs & Public Limited Companies to Comply with Executive Order No.004 of 2017 on VAIDS

6.      SEC Issues Ultimatum to CMO’s, Experts and Professionals On Sponsored Individuals and Compliance Off

7.      SEC Extends Deadline on Issuance of Warrants & Free e-Dividend Registration Exercise to Dec 31 2017

8.     SEC Malaysia And ASIC Sign Innovation Cooperation Agreement To Establish Fintech Bridge

9.      Remarks To The SEC Investor Advisory Committee



Tags: SEC Nigeria ,  NERDC ,  curriculum ,  capital market studies ,  Nigeria, 

Comment With Your Facebook or Yahoo! ID

News from the same Category

PMI Reading Rose to 58.5 Points in August from 56.3 Points in July
#NES23 will address issues around employment, productivity and opportunities-Udoma
Alarm Bells As Current Account Surplus Narrows Again
Lagos State Has the Highest Foreign and Domestic Debts as at June 2017
Make Your Research Relevant to National Development, Udoma Charges NISER
September 2017 Headline Inflation Projected at 16.3% YoY

Latest News

Federal Reserve issues FOMC statement
Nigeria Immigration Service Bans Cash Payment at Passport Offices
FirstBank’s Customer Wins Grand Prize in Western Union Mega Promo
Volatile Oil Prices in August
Stamp Duties on Bank Deposits and Transfers: Are There Unresolved Issues?
Naira Depreciated To N370-$ Mid-August in the Parallel Market
Our Network

Proshare Network
Content partnership

News & Events

Special Reports
Events Calendar

The Regulators



Privacy Policy
Terms of use


About us
Advertise with Us
Partner With Us
Contact Us
The Regulator is a market service provided by Proshare Nigeria Limited.

The Upper Room, Plot 1, Lekan Asuni Close, Off Toyin Omotosho Street, Omole Phase II, Isheri LGA, P.O. Box 18782, Ikeja, Lagos, Nigeria. Telephone 0700 PROSHARE (0700- 77674273). Registered in Nigeria. We may record and/or monitor telephone calls or intercept other telecommunications between us. This is to protect both of us and for training purposes.