• Tuesday, April 23, 2024
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BusinessDay

BusinessDay Confab: Why FG introduced tax rules on NSE – Minister

Zainab Ahmed
The Federal Government has said it introduced tax rules on NSE to complement the existing security and exchange regulations for security lending transactions in the Nigerian Stock Exchange (NSE) to boost the capital market in Nigeria.

Minister of Finance, Budget and National Planning, Zainab Ahmed, said this while delivering her keynote address at the opening ceremony of the BusinessDay conference on Investing in Capital Market in Abuja on Thursday. The minister noted that the move was to strengthen the relationship between fiscal policy, regulatory environment and strong capital markets.

She  noted that the theme of the conference “market recovery, innovation and regulation in Nigeria”, is apt in the sense that it is aimed at addressing the enormous challenges currently facing the nation’s capital market. She added that the federal government has also put in place other polices that will boost investors confidence in the sector and generally in the Nigerian economy.

In his address, the publisher of BusinessDay, Frank Aigbogun, stressed the importance of capital market to the economic development of Nigeria and tasked the government and all stakeholders to make the required efforts to ensure that the Nigerian capital market the preferred place for investment.

Details later…