| The Securities and Exchange Commission (SEC) has said Islamic finance and sukuk bond would be part of the new products to be introduced into the Nigerian capital market. Director General of the commission, Ms. Arunma Oteh who stated this recently in Lagos during the 2013 maiden media briefing said the product would help improve the capital market.
She said the SEC will build 2013 strategic focus around three themes which include financial inclusion, innovation and effectiveness. According to her, "We need to reach out to the large numbers of Nigerians who have yet to take advantage of the opportunities in the capital market, through collective investment schemes and new products such as Islamic finance and sukuk bond, while supporting SMEs."..............................................Full Article: Source
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