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Lamido Yuguda, Director General of the Securities and Exchange Commission (SEC) announced at the Senate Committee on capital market that finance technology (fintech) will soon be introduced in Nigeria's Capital Market. Fintech is any business that uses technology to improve or automate financial services and processes, and adjust problems in a financial infrastructure.
While Yuguda added that the roadmap and the regulatory framework are being prepared to get fintech into the market; the chairperson of the commission, Ibukunle Amosun, insisted on strengthening the country's commodity exchange to make the market robust and functional.
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