The Securities and Exchange Commission has partnered the government of the Republic of Korea for creation of more investible products to enhance liquidity in Nigerian capital market.
SEC Acting Director-General, Mary Uduk, stated this on Wednesday at the Final Reporting Workshop and High Level Policy Dialogue for the “Knowledge Sharing Programme between the Republic of Korea and Nigeria in Lagos.
Uduk said that the partnership between the commission and Korea’s Ministry of Economy and Finance was the first bi-lateral policy consultation between the two countries.
He said that the partnership would boost the development of financial derivatives market in Nigeria.
In his remarks, Korean Ambassador to Nigeria, Mr
Intae Lee, expressed excitement at some promising signs he had seen on how the
SEC and the NSE were working hard to drive the derivatives financial products
market in various sectors.