Friday, November 25, 2016/7:18 PM /NASD Plc
The Securities and Exchange Commission, Nigeria (“SEC”, “The Commission”) at the final quarterly Capital Market Committee meeting for 2016 reviewed the progress of series of initiatives that came out of the 10 year Nigeria Capital Market Master Plan (NCMMP). Significant effort has been put into repositioning the capital market along the lines required by the master plan:
- The financial literacy group reported successful partnerships being formed at both government and private levels to increase the level of financial literacy and inclusiveness in the country. With better literacy, investor understanding and confidence is improved.
- Quoted securities were reported to be 98% dematerialized while NASD reported a steadily growing level of 15.7%. The e-dividend scheme has also taken off and has currently eliminated over ₦29 billion of previously unclaimed dividends
- Useful formal interactions with numerous trade groups such as the Manufacturing Association of Nigeria (MAN), The Nigerian Communications Commission (NCC), Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Procurement (BPP) may well open the channel for increased market utilization for long term funding.
A thorough review of the Company and Allied Matters Act (CAMA) and the Investment and Securities Act (ISA) has also reached advanced stages. This should further expand the scope and relevance of the Capital market to funding growth businesses. Successful review of these laws may well open up the capital market to post internet age funding activity such as equity crowdfunding.
At NASD we are excited to be a part of the repositioning of the capital market. We believe that better understanding of the market by issuers and investors will position all players to contribute to the recovery of the Nations economy
Notice is hereby given that the Eighteenth (7th) Annual General Meeting of the members of TRUSTBOND MORTGAGE BANK PLC will hold on Monday, December 5, 2016 at Peninsula Hotel, Block 94, Plot 16, Providence Street, Lekki Phase 1, Lagos at 11:00 a.m.
Unlisted Securities Index
As at Friday, 25 November 2016, the index closed at 604.77 points (down 1.27% from previous close of 612.53 points).
Market in Numbers (YTD- 25 November, 2016)
Macro-economic Indicators - 25 November, 2016
Closing Prices as at 25 November, 2016
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