“It’s a competition. We need to ban binance and the only way to do so is if you have liquidity.”
The institutions have been constituted into the steering committee to implement the policy which requires a collaboration between the private and public sectors.
The circular said the platforms were not registered by the SEC, and the financial services offered by them were also not authorised.
The SEC noted that companies that want to apply and participate in the RI Programme would meet five eligibility criteria.
Mr Akpolo said the conference is aimed at resolving the challenges experienced by issuers in the Nigerian ETF market.
The regulator accused the firms of failing to render statutory returns.
