SEC signs MOU with Morocco to boost Market Growth
The Securities and Exchange Commission (SEC) Nigeria has on December 3, 2016, signed a Memorandum of Understanding (MOU) with its Moroccan counterpart, Autorite Marocaine Du Marche Des Capitaux (AMMC). This Memorandum will serve as a platform for regulatory cooperation and information sharing between the two capital market regulators.
According to SEC, "This is a first step towards achieving an effective cross-border market policing between the two jurisdictions and enhanced market development through leveraging mutual comparative advantages. The bilateral discussions covered a wide range of issues aimed towards deepening the mutual relationship between the two Countries. These included agriculture, aviation, immigration, banking, capital markets and the extractive industries, among others."