SEC inaugurates NCMDF Board

As part of efforts to improve the Nigerian capital market, the Securities and Exchange Commission has inaugurated the Nigerian Capital Market Development Fund (NCMDF).
Speaking at the inauguration ceremony of the Board in Abuja, the Director General of the commission, Mounir Gwarzo explained that the initiative aims to boost investors’ confidence.
“Part of the 10-year capital market development initiative that we said we were going to implement – Objectives of the fund largely, is in line with our market development initiatives and I call upon all of us to strongly support such initiatives,” he said.
For his part, the former Director General of the SEC, Suleiman Ndanusa, wants the Committee to commit more effort to financial inclusion.