CMC Set to Address Progress and Challenges of Nigeria’s Capital Market
By Patience Ikpeme
The Securities and Exchange Commission (SEC) is set to convene the Capital Market Committee (CMC) meeting virtually on Thursday, April 18th, 2024.
This quarterly gathering serves as a crucial platform for stakeholders to engage in strategic discussions and chart the course for the market’s development.
The upcoming meeting, focused on first-quarter insights, will tackle pressing challenges and highlight notable progress made within the industry. Notably, technical committees responsible for executing the Capital Market Master Plan will present updates on their achievements.
Committees such as the Commodities Ecosystem Implementation Committee, the E-Dividend and Direct Cash Settlement Committee, and the Financial Literacy and Non-Interest Capital Market Committee will feature prominently in these discussions.
The CMC, renowned as an inclusive forum, brings together representatives from the SEC, capital market operators, trade associations, and other pertinent parties. Its collaborative nature fosters insightful dialogues that address market growth, functionality, and emerging concerns.
This virtual assembly will draw participation from prominent figures in Nigeria’s capital market ecosystem, including CEOs of registered capital market firms such as Broker/Dealers, Investment Advisers, Custodians, and Fund/Portfolio Managers. Key executives from market entities like the Nigerian Exchange Group (NGX), National Association of Securities Dealers (NASD), FMDQ Group Plc, Africa Exchange Holdings (AFEX), Nigeria Commodity Exchange (NCX), and the Central Securities Clearing System (CSCS) are expected to contribute to the discussions.
The broad representation ensures a comprehensive discourse, encompassing diverse perspectives crucial for shaping the market’s future trajectory.
The outcomes of this meeting are eagerly awaited as they are poised to influence future initiatives and strategies, propelling the Nigerian capital market towards sustained growth and resilience.
