Minister commends Nigeria Exchange Ltd

The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has commended the Nigerian Exchange Limited for its efforts towards deepening the Nigerian capital market.

The Minister gave the commendation, Tuesday, when the management of the Exchange, led by its Chief Executive Officer, Mr Timi Popoola, paid her a courtesy call in her office in Abuja.

While acknowledging the commitment of the Management, culminating in the demutualization of the exchange, Mrs Ahmed called on the management to leverage on technology and innovations which could ease the processes of trading on the exchange and ensure that ordinary citizens could participate in the capital market.

In furtherance of this objective, the minister stated, that the federal government had directed the Securities and Exchange Commission (SEC), to marshal out a saving policy and programme that would encourage citizens of all economic standing to actively participate in Nigerian capital market as a means of unlocking the potentials in the market.

Earlier, the Chief Executive Officer of the Exchange, Timi Popoola had informed the minister that he had come to introduce the Exchange’s

new management of the Exchange to the minister and to also appreciate her support to the Nigerian capital market.