As Nigerian stock market booms, SEC board’s absence casts shadow over rally
TechCabal | Ngozi Chukwu - Jan 31, 2024
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Ministry of FinanceNGXSenateSEC
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  • Nigeria's stock market, NGX, was the world's best-performing stock market in January.
  • The SEC has been operating without a board for nearly a year.
  • Concerns have been raised about insider trading and the NGX's inability to attract new listings.
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The absence of a board for the SEC raises concerns about the lack of oversight in Nigeria's stock market. This could potentially lead to issues such as insider trading going unchecked. Additionally, the inability of the NGX to attract new listings is a significant challenge for the market's growth and development.
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