• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

SEC begins sensitisation on National Savings Strategy

SEC

The Matters Press by The Matters Press
April 16, 2023
Reading Time: 2 mins read
0
SEC frowns at resurgence of Ponzi schemes

The capital market community will soon begin a sensitisation programme and stakeholder engagement on the implementation of the National Savings Strategy (NSS).

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Mr Lamido Yuguda, Director-General of the Securities and Exchange Commission (SEC), said in a statement issued at the end of the First Quarter Capital Market Committee meeting held virtually on Sunday.

Yuguda said the need to establish a National Savings Strategy, as outlined in the Capital Market Master Plan, was ”one of the key strategies to enhance capital formation by mobilising domestic funds for investment to drive rapid economic growth’.

“It envisages the deliberate provision of risk capital as venture capital and private equity that are naira- based and more committed to the long-term prosperity of Nigeria as well as create a buffer to the instability created by foreign investors,” he said.

The Capital Market Master Plan Implementation Council (CAMMIC) had commissioned a white paper on a National Savings Strategy and recommended to the Minister of Finance, Budget and National Planning the formation of a working group to explore the feasibility of the report findings.

Yuguda said that the initiative would aid the mobilisation of funds in order to boost the national economy.

The SEC DG also said that ,as part of its accomplishments, the Technical Committee on the Commodities Trading Ecosystem had collaborated with the various Commodities Exchanges in discussion with National Insurance Commission(NAICOM) .

He said that the aim of the engagement was to explore ways of deepening the market by encouraging the involvement of insurance companies, expanding insurance coverage for the commodities trading value chain, and implementing other mechanisms for mitigating risks in the ecosystem.

Yuguda said, “Additionally, the Committee engaged the Nigerian Bulk Electricity Trading Plc (NBET) on modalities to establish an Energy Exchange.

“On its part, the Nigerian Agricultural Insurance Corporation (NAIC) worked with the commission to continuously reduce risks in the agricultural value chain.

“The Commodities Trading Ecosystem Implementation Committee (CTEIC) welcomed the NAIC as a member to foster greater collaboration and support for the ecosystem.

“The Non-Interest Capital Market Implementation Committee provided updates on various activities, including its ongoing engagement with the Federal Inland Revenue Services (FIRS) on the recently -released regulations on taxation of non-interest financial instruments.”

Yuguda stated that the committee informed the meeting that SEC had received feedback from stakeholders on exposure of draft Rules on Shari’ah Advisory Services.

He also noted that issuers of securities and their advisers were admonished to take advantage of the conducive environment to come up with financial products that would appeal to target classes of investors.

Lamido expressed optimism about the growth potential of the Nigerian Capital Market and reaffirmed the commission’s commitment to building and maintaining a vibrant, fair, and transparent market for investors and issuers alike.

Tags: SEC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
NECA on how to address Nigeria’s economic challenges

Tax hike will bring hardship to individuals, businesses, NECA warns

Fraud in banking sector, mostly insider instigated

Artisans shun traditional banks, go for digital banks

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Trading closes southward on NGX, losses N52bn

May 11, 2022
Trading in Nigerian stock market dips further N83bn

Market capitalisation gains N116bn, indices up 0.45%

October 11, 2022
Nigeria moves to roll out plan to boost livestock

Yobe state donates 20 hectares of land for animal husbandry

January 8, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us