Stakeholders move to tackle market infractions

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The Nigerian Exchange Limited has signed a Memorandum of Understanding with the Economic and Financial Crimes Commission in a bid to curb infractions in the stock market.

“Over the years, The Exchange has demonstrated its readiness for digital transformation as evinced by our seamless transition to virtual trading following the incursion of the COVID-19 pandemic.”

He said the market’s trading platform and real-time data service remained a game changer in the capital market, adding that through these platforms, the market order flow has been improved. A senior analyst at the Nigerian capital market, Rasheed Yusuf, congratulated the ADCs, noting that their induction was coming at a time of significant volatility and uncertainty in global markets and the world’s economy.

He said, “I will urge you all to be innovative, creative, and ethical as the market requires your skills to increase its contribution to the economy. “The Exchange and the capital market constitute a platform to turn around the fortunes of the Nigerian economy and I encourage you to leverage every channel available to create impact.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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