Business Capital Market records 38.8 per cent growth in 2013 - Oteh

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LequteMan

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The Director-General, Security Exchange Commission (SEC), Ms Arunma Oteh, on Wednesday at a Capital Market Outreach programme in Abuja announced that Nigeria’s capital market grew by 38.8 per cent in 2013.

The growth, according to Oteh, places the Nigerian capital market among best top 10 markets globally.

“However, I believe that we can still do more, and that is the reason why we are here in Kuje Market today.

“It is for this reason that SEC along with Capital Market operators decided that we will come out on the street and preach that every Nigerian must learn how to save and invest." She said.

The Managing Director, Chapel Hill Denham Management, Mrs Uju Irukwu, said saving either by individual or through collective schemes remained a key economic development driver, adding that only through it could small time entrepreneurs grow their businesses.


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