National Economy
Thursday, October 23, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

SEC Urges Banks To Strengthen Corporate Governance

by Olushola Bello
December 26, 2024
in Companies & Markets
Dr. Emomotimi Agama,

Dr. Emomotimi Agama,

YOU MAY ALSO LIKE

Bottle-crushing Practice Threatens Long-term Sustainable Packaging, Nigerian Breweries Warns

Firm Builds Digital Rewards Platform For Customers’ Appreciation

The Securities and Exchange Commission (SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise.
The director-general of SEC, Dr. Emomotimi Agama, stated this at the yearly workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos. Agama restated the commission’s commitment towards ensuring transparency and efficiency in the recapitalisation process.
Agama, who was represented by the divisional head, Legal and Enforcement of SEC, Mr. John Achile, noted that the framework on the banking sector recapitalisation (2024–2026) provided clear guidance for issuers while also safeguarding the interests of investors.
He noted that the key to bridging the gap between issuers and investors remained the harnessing of innovation for inclusive growth. Agama noted that the oversubscription of most recapitalisation offers in 2024 reflects strong investor confidence, saying that SEC has intensified efforts to enhance disclosure standards and corporate governance practices.
According to him, expanding financial literacy campaigns and collaborating with fintech companies to provide low-entry investment options will democratise access to the capital market.
He assured stakeholders of the commission’s steadfastness in achieving its mission of creating an enabling environment for seamless and transparent capital formation.
Agama listed the constraints to the exercise to include: addressing market volatility, systemic risks, limited retail participation as well as combating skepticism among investors who demand greater transparency and accountability.
“We are equally presented with opportunities which include leveraging technology to deepen financial inclusion and enhance market liquidity, as well as developing innovative financial products, such as green bonds and sukuk, to attract diverse investor segments,” he added. He stressed that the success of recapitalisation efforts depends on collaboration among regulators, issuers, and investors.
Speaking on market infrastructure at the panel session, Achile said SEC provides oversight to every operation in the market ranging from technology innovations to market infrastructure.
“We are committed to transparency because we are mindful of the benefits and risks associated with technology adoption. SEC does due diligence to all the innovative ideas that comes into the market to ensure adequate compliance with the requirements,” he said.
On the rising unclaimed dividend figure, he blamed the inability of investors to comply with regulatory requirements and information gap, noting that SEC has done everything within its powers to ensure that investors receive their dividend at the appropriate time.
However, he assured that the commission would continue to strengthen its dual role of market regulation and investor protection to boost confidence in the market.

Tags: Governance
ShareTweetShare

OTHER GOOD READS

Companies & Markets

Bottle-crushing Practice Threatens Long-term Sustainable Packaging, Nigerian Breweries Warns

3 days ago
Firm Builds Digital Rewards Platform For Customers’ Appreciation
Companies & Markets

Firm Builds Digital Rewards Platform For Customers’ Appreciation

3 days ago
Golden Penny Plans N4bn Reward Package, Celebrates 65th Anniversary
Companies & Markets

Golden Penny Plans N4bn Reward Package, Celebrates 65th Anniversary

1 week ago
Next Post
SEC To Penalise Companies For Not Publishing Financial Results

SEC To Penalise Companies For Not Publishing Financial Results

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved