Problems associated with infractions in the capital market may soon become a thing of the past, as the Securities and Exchange Commission has announced that its information technology project that would enable the commission to detect infringement in the market real time has attained over 75 per cent completion.
He said this has resulted in the implementation of several corrective measures designed to strengthen the overall stability of the fund management industry. He commended the CBN for the recently announced policy on bank recapitalisation and noted that the commission has drawn useful lessons from the previous exercise and will soon issue appropriate guidelines to facilitate an efficient capital-raising process in the present exercise while assuring that the commission committed to a process that will ensure speed, fairness, and good market conduct.
There is fresh hope among the Nigerian insurance industry players that the appointment of Olusegun Omosehin as the new Commissioner for Insurance/Chief Executive Officer, the National Insurance Commission continues to generate interest in various segments of the industry.
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