The CAMMIC commissioned a white paper on a NSS and recommended to the minister of Finance, Budget and National Planning the formation of a working group to explore the feasibility of the report findings.
The SEC DG also stated that, as part of its accomplishments, the technical committee on the Commodities Trading Ecosystem has collaborated with the various Commodities Exchanges in discussions with the regulator of insurance industry, that is, the National Insurance Commission. “Additionally, the Committee engaged the Nigerian Bulk Electricity Trading Plc on modalities to establish an Energy Exchange. On its part, the Nigerian Agricultural Insurance Corporation worked with the Commission to continuously reduce risks in the agricultural value chain. The Commodities Trading Ecosystem Implementation Committee welcomed the NAIC as a member to foster greater collaboration and support for the ecosystem.
Yuguda stated that the committee informed the meeting that SEC has received feedback from stakeholders on exposure of draft Rules on Shari’ah Advisory Services.
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