CMC To Boost Local Participation On The Exchange

The Capital Market Committee (CMC) has reiterated its commitment to further boost domestic investors’ participation in the Nigerian Stock Exchange.

Consequently, the committee said it hosted the second annual Capital Market Committee Retreat in Asaba to showcase the potential of the Nigerian market, as well as deepen activities on the Exchange.

Toyin Sanni, the Chairperson of the Retreat, said that the committee had been able to increase the number of domestic investors’ participation in the capital market in the last one year. Mrs. Sanni said that at the end of 2011, foreign investor patronage stood at 90% in the market while local investment accounted for 10%. “However, now we have noticed that the foreign participation has reduced to about 70%, thus increasing participation of domestic investors in 2012 and the market has experienced stability since the commencement of activities of the committee in 2011,” she added.

The Chairperson said that this year’s retreat examined the role of the capital market in the nation’s development. The theme of the retreat was: “The Pivotal Role Of The Capital Market In The Transformation Agenda Of The Federal Government.”