Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN).
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, disclosed this in an interview in Abuja.
Agama stated that the capital market was strong enough to provide the much-needed finance for various sectors of the economy.
According to him, the Nigerian capital market is one of the strongest globally, with Return on Investment (RoI) being one of the best in the world last year.
Agama said, “The capital market is strong enough to provide the much-needed funding needs for various sectors of the economy.
“It is one of the strongest you can think about, our RoI was one of the best in the world for last year. When you look at what the capital market has already done with the bank recapitalisation, which is still ongoing, you can agree with me that our market is strong.”
