This, the commission said, is aimed at curbing issues of fraud in the capital market.
According to him, the identity management project in the capital market would ensure that market transactions are secured and done on a ‘straight-through processing’ basis, leaving very little human intervention in the processing of data. “It will be up to speed in terms of modernity, efficiency, and protection of the database of the commission and the capital market.”
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BDCs can restore stability to FX market, Gwadabe insistsAmid the protracted currency market crisis, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON) Ifb I follow back That's what licensure does in any industry - it removes discretionary tendencies while exercising the privileges of that licence. The CBN could leverage that with the BDC. They would bring stability - pegged or floating currency.
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