Stakeholders list benefits of ISB passage to capital market | The Guardian Nigeria News - Nigeria and World News

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Chairman of the House Committee on Capital Markets and Institutions, Babangida Ibrahim, has stated that the Investments and Securities Bill (ISB) is capable of attracting more investment into the capital market, encourage the influx of foreign investors as well as boost investors’ confidence.

Ibrahim stated this during an interview at the weekend while commenting on the benefits of the recent passage of the bill.

Other areas the bill would address are alternative trading systems, the inclusion of the National Pensions Commission as part of the board of the Securities and Exchange Commission as well as deletion of the provisions on merger control in the current Act. “We owe a duty to Nigerians and Nigeria to make sure that things work well. In the financial market, we have the money market and the capital market. With the challenges facing the money market, the only option left is the capital market.

 

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