SEC PROPOSES COMMITTEE TO RESTORE NIGERIA TO GLOBAL MARKET INDICES

The Securities and Exchange Commission (SEC) has proposed the formation of a high-level committee to work towards reinstating Nigeria on key global market indices.

The initiative aims to address the factors that led to the country’s exclusion from major international benchmarks, with a focus on improving market liquidity, corporate governance, and regulatory transparency. SEC officials believe that regaining index status will attract significant foreign portfolio inflows and boost investor confidence in the Nigerian capital market.

The proposed committee will comprise regulators, market operators, listed companies, and other stakeholders tasked with implementing necessary reforms within a defined timeline. Key areas of intervention include enhancing trading infrastructure, promoting new listings, and strengthening disclosure requirements.

Analysts welcomed the move, noting that inclusion in global indices would significantly enhance Nigeria’s visibility and competitiveness as an investment destination. They emphasised the need for swift and coordinated action to meet international standards.

The SEC expressed optimism that successful implementation of the reforms would open new opportunities for capital market development and contribute to broader economic growth.