Banks, others raise N2.7 trillion in capital market

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Mr Agama said that out of the N2.7 trillion, about N1.7 trillion was raised by banks through their recapitalisation exercise.

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The Director-General of SEC, Emomotimi Agama, said this at the 2024 Journalists Academy in Abuja on Monday, with the theme: “Fintech: Leveraging Technology to Drive Capital Market Participation.” The director-general said the SEC was working with the Nigerian Financial Intelligence Unit to ensure the country exited the Financial Action Task Force grey list, adding that this is crucial for the development of the financial sector.

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