The Securities and Exchange Commission (SEC) has said it had begun the implementation of a series of initiatives aimed at reducing the time it takes for companies to list their shares on the Nigerian stock exchange.
In a statement yesterday in Abuja, the commission said the reforms are part of a broader effort to improve the efficiency, attractiveness, and overall development of the nation’s capital market.
Its Director General, Dr. Emomotimi Agama, explained that the commission had streamlined the registration processes, introduced an electronic filing system, and enhanced regulatory frameworks to expedite the time to market.
He said shorter time to market could lead to increased liquidity, investor confidence, and ultimately, economic growth.
One significant step taken by the SEC is the introduction of the electronic Public Offering (e-PO) system in 2019, which automates various steps in the securities issuance process, reducing manual paperwork and facilitating faster processing of applications.