Connect with us

education

SEC: Investor Education Essential for a Robust Capital Market

Published

on

The Securities and Exchange Commission (SEC) has emphasized that investor education is vital for maintaining a healthy capital market and building investor confidence. A well-informed investor base is crucial for the stability and growth of any capital market.

During the opening of the 2024 International Organisation of Securities Commissions (IOSCO) World Investor Week (WIW), SEC Director General Dr. Emomotimi Agama, represented by Executive Commissioner Operations Mr. Bola Ajomale, highlighted that investor education empowers individuals to make informed decisions, protecting them from fraud, Ponzi schemes, misinformation, and excessive risk.

Agama noted an increase in retail investor participation in Nigeria’s capital market, underscoring the importance of strengthening educational initiatives, particularly in the age of digital finance. He stated, “As financial products become more complex and technology-driven—from fintech innovations to cryptocurrency trading—it is critical for stakeholders to equip investors with the knowledge to navigate these markets confidently and responsibly.”

World Investor Week serves as a platform to reinforce this commitment. Throughout the week, the SEC will engage with investors to discuss best practices and focus on improving transparency and accountability in financial markets. Agama encouraged participants to take advantage of these opportunities to learn and share knowledge, fostering a robust, investor-friendly ecosystem.

The SEC’s focus for 2024 is particularly timely, covering critical areas such as Technology and Digital Finance, Crypto Assets, and Sustainable Finance. Agama noted the potential rewards in these sectors are immense, but the risks are equally significant.

He explained that technological advancements are reshaping capital markets, creating opportunities for greater efficiency, transparency, and inclusion. Fintech solutions are democratizing access to financial services, reducing transaction costs, and enabling faster, more secure operations in the market. The rapid adoption of mobile technology and digital payments in Nigeria illustrates the substantial growth potential in digital finance.

As the SEC embraces these innovations, it is committed to working with other regulators to establish frameworks that protect investors. The goal is to ensure that technological advancements are responsibly deployed and that market participants understand the risks associated with digital finance, including cybersecurity threats and data privacy concerns.

In his remarks, Lagos State Governor Babajide Olusola Sanwo-Olu emphasized that Lagos, as Nigeria’s commercial hub, is at the forefront of innovation, technology, and finance. Represented by Deputy Chief of Staff Mr. Sam Egube, he stated that the emergence of digital assets and the increasing role of technology in finance present both unprecedented opportunities and challenges. Therefore, it is crucial to engage thoughtfully and strategically with these developments.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

education

UNILORIN VC hails AbdulSamad Rabiu on 65th birthday

Published

on

Stephen Olufemi Oni, Ilorin

The Vice Chancellor of the University of Ilorin, Prof. Wahab Olasupo Egbewole (SAN), has congratulated the Chairman/Chief Executive of BUA Group, Alhaji AbdulSamad Rabiu, CON, on his 65th birthday.

Prof. Egbewole, in a statement issued by the University’s Director of Corporate Affairs, Mr Kunle Akogun, described the Kano-born business magnate as a blessing to Nigeria and humanity.

The Vice Chancellor noted that Alhaji Rabiu’s hard work, patriotism, and spirit of giving deserve to be emulated in order for the nation to produce more of those who will always think beyond their personal interests.

Prof. Egbewole, who lauded the prominent businessman’s numerous contributions to the growth and development of Nigeria over the years, specifically thanked Alhaji Rabiu for his relentless support to several educational institutions in the country, adding that the University of Ilorin, in particular, would continue to be grateful to him for the 3,000-seater amphitheater he is currently building at the University.

Prof. Egbewole wished Alhaji Rabiu many more years of sound health, happiness, and continuous service to humanity.

End

Continue Reading

education

BREAKING: WAEC Releases 2025 WASSCE Results

Published

on

By: Fabian Apechihin

The West African Examinations Council (WAEC) has officially released the results of the 2025 West African Senior School Certificate Examination (WASSCE) for school candidates.

In a statement posted on X on Monday, August 4, 2025, WAEC announced that candidates who sat for the examination can now check their results online.

“The West African Examinations Council is pleased to inform candidates who sat WASSCE for School Candidates, 2025, that the results have officially been released today, Monday, August 4, 2025,” the statement read.

Candidates are urged to visit the Council’s result portal at www.waecdirect.org to access their performance.

More details to follow…

Continue Reading

education

EFCC Chair to Youths: Shun Cybercrime, other criminality

Published

on

Stephen Olufemi Oni, Ilorin

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has called on Nigerian youths to harness their talents and energy for ventures that bring honour to the nation rather than engaging in social vices, including cybercrime, which ultimately result in regret and disgrace.

Speaking at a youth empowerment programme in Ilorin, the Kwara State capital, organised by Faitheroic Generation (FHG), Olukoyede warned that criminal activities, particularly internet fraud, might appear lucrative at first but always end in tears for perpetrators.

Faitheroic Generation is a national youth empowerment organisation dedicated to building financially independent young Nigerians through freelancing, digital skills, and ethical network marketing in line with the Federal Government’s Renewed Hope Agenda.

“There is dignity in labour. Shortcuts through cybercrime may seem attractive, but they destroy futures and reputations. Nigeria’s youths must rise above these temptations and use their potential to build a country they can be proud of,” Olukoyede said.

Addressing over 400 youths, the EFCC boss, who was represented by Ayodele Babatunde, Head, Public Affairs Department of the EFCC, Ilorin Zonal Directorate, stressed that unemployment should never be an excuse for criminality.

“We understand the challenges young people face, but cybercrime is not a solution. You have gifts and skills that can thrive legitimately. Channel them into productive ventures, and you will enjoy lasting fulfilment,” he added.

The EFCC Chair further urged the youths to partner with the EFCC in its mission to restore Nigeria’s global image, noting that the activities of internet fraudsters had brought severe damage to the country’s reputation at home and abroad.

He concluded with a rousing slogan: “Integrity is Strength, Hardwork is Wealth, Accountability is power – Say No to Corruption!”.

In his lecture titled “Staying Safe Online and Preventing Cybercrime”, an Assistant Commander of the EFCC, James Allison, who heads the Advance Fee Fraud Section of the Ilorin Directorate, admonished the youths to be wary of becoming tools for money laundering or falling prey to fraudulent online investment scams.

“Fraudsters are increasingly exploiting people’s lack of understanding of virtual assets,” Allison warned. “They promise outrageous returns on investments, build convincing but fake trading platforms, and disappear with victims’ funds once they succeed.”

He urged participants to research thoroughly before investing in any platform, verify regulatory compliance, and avoid unsolicited offers that sound too good to be true.

“Always crosscheck investment opportunities with credible sources, ask the right questions, and never share your bank accounts for dubious transactions. Once you allow criminals to use your account, you become a complicit partner in crime,” he explained.

Allison’s lecture underscored practical steps to stay safe online, from protecting personal data and using secure digital platforms to reporting suspicious activities through the EFCC’s Eagle Eye App.

The programme ended with an interactive session where youths asked questions about legitimate business opportunities and ways to work with the EFCC in combating cybercrime.

End

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.