Business
Lockdown: SEC Vows To Keep Capital Market Going
By Emmanuel Aziken
The Securities and Exchange Commission, SEC has pledged to keep the nation’s capital market alive despite the nationwide lockdown on account of the COVID-19 pandemic.
Speaking in an interview, Mary Uduk the acting director-general of the apex capital market regulator body said that remote technology and preparation by the stock exchanges had become handy in keeping the bourses ongoing.
“We are leveraging technology. Initially, people were afraid of technology, but right now it has become a saving grace in the light of the COVID-19 pandemic,” Ms. Uduk said in the interview on Channels Television monitored by GreenWhiteGreen.
“So a lot of us are leveraging technology and we have put our business continuity plan in motion, we are interacting with market operators who are also working remotely, our staff are equipped in order to work remotely,” she said.
“We are leveraging technology. Initially, people were afraid of technology, but right now it has become a saving grace in the light of the COVID-19 pandemic,” Ms. Uduk said
“Most of the exchanges have all activated their remote business plans. All of them are trading remotely. Also, you know that an exchange like the NSE has over the years used a lot of money to put in place a lot of technology which right now is beginning to bear fruit.
“So most of the exchanges are trading remotely and some of them have moved their staff to near their offices in order to support the market, issuers, and investors in such a way that investors continue to invest and make investment decisions.
“The commission also issued circulars to ask the exchanges and other market operators to activate remote trading and to have an idea of their remote trading plan so that COVID-19 does not disrupt the market.”
Send Us A Press Statement Advertise With Us Contact Us
And For More Nigerian News Visit GWG.NG
