The Nigeria Senate has passed for third reading , Investments and Securities (Repeal and Enactment) Bill 2024.
Passage of the bill for third reading by the Senate, followed by consideration and adoption of recommendations made to that effect by its Committee on Capital Market, Chaired by Senator Osita Izunaso.
The Committee in the report, informed the Senate that repeal and enactment bill, when signed into law, will make the Securities and Exchange Commission (SEC), the apex regulatory authority for the Nigerian Capital Market .
GALAXY TV reports that the passage of the Bill will bring about diversity and growth in the capital market, through market offerings that would form the foundation for economic expansion, thereby creating job opportunities within the Nigerian Capital Market.
The Senate accordingly after clause by clause consideration of the bill, passed it for third reading.
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