Capital market records 38% growth in 11 months – Oteh

Between January and November this year, the Nigerian capital market has recorded a 38.8 per cent growth, the Director-General, Securities and Exchange Commission, Ms Arunma Oteh, has said.

She stated this on Wednesday while addressing market women during the capital market wealth and health day held at the Kuje Market in Abuja.

The DG, who said Nigeria’s capital market was one of the best performing in the world, noted that within the past few years, the commission had worked very hard to strengthen the regulatory framework for funds management.

This, she said, should encourage retail investors to invest through mutual funds or collective investment schemes.

She said, “We at the SEC are very proud because our capital market has been one of the best performing in the world; it is among the top 10.

“It has grown by 38.8 per cent this year. Last year, it was one of the top performing. The market is the centre where we all come to every day. Isn’t it great that we are all partnering for this purpose?”

Oteh told participants at the event that for them to invest, they must be healthy in order to make informed investment decisions.

 

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