Nigerian SEC reports CIS investments surpass N3 trillion, aiding economic growth.

The Nigerian Securities and Exchange Commission (SEC) reported that Collective Investment Schemes (CIS) reached over N3 trillion in 2024. The SEC's Director-General, Dr. Emomotimi Agama, explained that CIS helps investors diversify risk by investing in multiple companies. The capital market also contributed to economic growth by raising over N2.2 trillion for bank recapitalization and funding infrastructure projects through government bonds.

2 months ago
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