SEC, PenCom, NGX reiterate commitment to deepen securities lending

The Securities and Exchange Commission (SEC), National Pension Commission (PenCom) and Nigerian Exchange Limited (NGX) have reaffirmed their commitment to further developing the securities lending landscape. Their commitment is aimed at enhancing investor participation and securities lending transactions in the Nigerian capital market.

This commitment was reiterated during the NGX Securities Lending workshop held on Wednesday, August 9, 2023, in collaboration with Central Securities Clearing System Plc (CSCS), Cardinal stone Partners, Stanbic IBTC Nominees, and the Pension Fund Operators Association of Nigeria (PenOp). Businessday