“We direct all CMOs to accord it the highest level of priority.
”Furthermore, we urge CMOs to improve on their level of compliance, timeliness and correctness of disclosures and other filings made to the commission,” he said.
Yuguda also informed the capital market community that the Nigerian Stock Exchange (NSE) had concluded the demutualisation process.
He announced that the organisation would now be known as the Nigeria Exchange (NGX) Group Plc.
The D-G said that as part of measures to support the development of the commodities ecosystem, the Central Bank of Nigeria (CBN) revalidated its 59.9 per cent holding in the Nigerian Commodities Exchange (NCX) to ensure its appropriate positioning for effectiveness.
He said the move had addressed the funding problem plaguing the NCX and several engagements were ongoing with relevant authorities to promote trading on the Exchange.
Yuguda explained that SEC was also engaging with the CBN to encourage acceptance of warehouse receipts by banks as collateral.(NAN)