Exchange Commission Approves ₦56.8b New Issues

The Securities and Exchange Commission (SEC) said it has approved the floatation of eight equities and one supra-national bond worth ₦56.87 billion as at June, 2013; this is an improvement when compared to three equities and one corporate bond of ₦4.49 billion in the corresponding half year of 2012.

The Director General of SEC, Arunma Oteh, said recently that improvement in the level of investor confidence is beginning to attract issuers to the primary market.