{"id":13064,"date":"2017-05-11T18:10:38","date_gmt":"2017-05-11T17:10:38","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=13064"},"modified":"2017-05-11T18:10:38","modified_gmt":"2017-05-11T17:10:38","slug":"sec-sets-aside-n5bn-for-capital-market-devt-fund","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sec-sets-aside-n5bn-for-capital-market-devt-fund\/","title":{"rendered":"SEC sets aside N5bn for Capital Market Devt Fund \u2013"},"content":{"rendered":"<div id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_3993\">Securities and Exchange Commission, SEC, yesterday, disclosed that it has set aside N5 billion as seed capital for the take off of the proposed Nigerian Capital Market Development Fund, NCMDF.<\/div>\n<div><\/div>\n<div>The Commission also warned that it would henceforth prosecute investors using false identity for share subscription.<\/div>\n<div><\/div>\n<div id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_4000\"><span id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_4001\">The apex capital market authority also indicated that its shares dematerialization programme has run its full course achieving a 100 per cent dematerialisation of shares with over 2.2 million investors mandating their accounts for e-dividend to-date.<\/span><\/div>\n<div><\/div>\n<div id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_4003\" dir=\"ltr\"><span id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_4004\">The Director General of the Commission, Mr. Mounir Gwarzo, who stated these at the 2017 first quarter post Capital Market Committee, CMC, media briefing, said following the setting aside of the take off capital, the NCDF will be launched at the second quarter CMC meeting, with the inauguration of the Board expected to take place in August 2017.<\/span><\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Commission, SEC, yesterday, disclosed that it has set aside N5 billion as seed capital for the take off of the proposed Nigerian Capital Market Development Fund, NCMDF. The Commission also warned that it would henceforth prosecute investors using false identity for share subscription. The apex capital market authority also indicated that its &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":9713,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[575],"coauthors":[2392,2393],"class_list":["post-13064","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC sets aside N5bn for Capital Market Devt Fund \u2013 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sec-sets-aside-n5bn-for-capital-market-devt-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC sets aside N5bn for Capital Market Devt Fund \u2013 - National Wire\" \/>\n<meta property=\"og:description\" content=\"Securities and Exchange Commission, SEC, yesterday, disclosed that it has set aside N5 billion as seed capital for the take off of the proposed Nigerian Capital Market Development Fund, NCMDF. 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