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Ooni hails capital market growth
Securities and Exchange Commission (SEC) has reduced the time required for companies to secure approvals to14 days, a move aimed at enhancing efficiency and strengthening the Nigerian capital market’s role in economic development

The Director-General of SEC, Dr Emomotimi Agama, who revealed this, said: “One of the major challenges before we assumed office was the prolonged time it took issuers to obtain approvals to raise capital.

“The capital market is the lifeblood of any economy, and time is a crucial factor. We tackled this issue head-on and have successfully shortened the timeline, making the market more responsive.”

Agama highlighted the success of the recent banking recapitalisation exercise, where banks raised over N2.2 trillion through the capital market using the e-offering platform.

https://guardian.ng/business-services/business/sec-hastens-approval-processes-to-enhance-growth/