The Senate yesterday passed the Investments and Securities Bill, ISB, 2024, in a major boost to the operations of the Securities and Exchange Commission and the Nigerian capital market.
The Investments and Securities Bill, is meant to repeal the Securities and Exchange Commission Act.
Speaking before the ISB was passed at plenary, Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso said the bill sought to repeal the Investments and Securities Act, of 2007 and enact the Investments and Securities Act, 2024 stating that the ISB is capable of transforming the capital market, encourage the influx of foreign investors as well as boost investors’ confidence, among others.
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