SEC to set up workshop on market funding for mining companies
The Securities and Exchange Commission (SEC) in Nigeria is taking steps to create a platform for selected players in the Commodities Trading Ecosystem, the Capital Market, and other relevant industry members to engage with mining companies. The aim of this engagement is to discuss opportunities for accessing long-term funding in the Nigerian Capital Market.
The planned workshop, scheduled for the 27th and 28th of July, 2023, at the SEC Lagos Zonal Office in Victoria Island, is part of the implementation of the capital market master plan. It is also a strategic move to foster a thriving commodity-trading ecosystem over the coming years.
The master plan recognizes the importance of commodities exchanges in enabling investment diversification, risk management, price discovery, and transactional efficiency. By involving commodities exchanges, the SEC seeks to provide critical support for the mining industry by offering avenues for financing and participation in the commodities trading ecosystem.
Financing solid minerals sector
The workshop titled “Financing the Solid Minerals Sector through the Capital Market and the critical role of the Commodities Exchanges” will be organized in collaboration with the Federal Ministry of Mines and Steel Development. The primary purpose is to enlighten capital market operators on the roles of the mining industry and explore how players in the solid minerals extractive industry can participate in the commodities trading ecosystem.
The target audience for the workshop is selected mining companies in Nigeria. By facilitating such engagement between mining companies and the capital market, the SEC aims to spur economic development, job creation, and various other benefits in the country.
The Director-General of the SEC, Mr. Lamido Yuguda, has highlighted the significance of commodities exchanges in driving investment diversification, risk management, price discovery, and transactional efficiency, all of which contribute to the overall growth of the economy.
