Six schools emerge for grand finale of SEC quiz competition

Six secondary schools have emerged as zonal winners to represent the six geo-political zones in the grand final of the 5th National Quiz Competition on Capital Market coming up later this month in Abuja.

The schools are Government Secondary School, Akim Calabar, Cross Rivers State which came first among other five secondary schools from the South-South zone of the country. Others are Community Secondary School Okposhi Ebonyi State which came first in the South-East zone,

Bibo-Oluwa Academy, Ilesha, Osun State from South-West zone and Chapel Secondary School Tanke, Ilorin, Kwara State from North-Central zone. Also ready to participate in the grand final in Abuja on November 26, 2014 are  Abdulrasheed Raji Special School, Sokoto from North-West zone and Federal Government College, Azaure Bauchi State from North-East zone.

The Zonal level competition is the second elimination stage where the winning Schools from each State slugged it out to come up with a winner to represent the State at the National level.

The final stage is the National level which is the grand finale of the competition where the overall winner will be determined from the six geo-political zones of the Country. The grand finale will come up on 26th November, 2014 in FCT.

Having been winners at the six geo-political zones of the country, the six schools are now battle ready to face each other to determine the winner of this year’s edition of the competition on Capital Market.

Sponsored by the apex regulator of Nigerian Capital Market, the Securities and Exchange Commission Nigeria (SEC NIGERIA), the competition is part of the Commission’s strategies at bringing the Capital Market closer to the people as well as developing the market.

Tagged ‘catch them young’, the competition is also aimed at inculcating savings culture in our youths.

The competition which started last week all over the country at state level culminated in zonal final on Friday where State winners competed for emergence of theses zonal representatives.

The SEC NIGERIA as the apex regulator of the Nigerian capital Market performs the dual roles of market regulation and development and had

in 2004 infused Capital Market studies into six subjects of the Senior Secondary school.

Also, the Commission is sponsoring Capital Market studies in some Nigerian Universities. These includes, ABU and University of Lagos.

The Securities and Exchange Commission (SEC) Nigeria was established in 1979 as the apex regulator of the Nigerian capital market. It is a Federal Government statutory body supervised by the Federal Ministry of Finance.

Its activities are currently governed by the Investments and Securities Act (ISA) 2007. The SEC has the overarching mandate of investor protection, ensuring orderly and equitable dealings in securities, developing the market and shielding it from all forms of abuses.

In regulating the market, the Commission undertakes the following activities meant to protect investors, market operators and ensure market integrity: Registration of securities and market intermediaries to ensure that only fit and proper persons/institutions are allowed to operate in the market.

Others are surveillance over exchanges/capital trade points/trading systems to forestall breaches of market rules as well as deter and detect unfair manipulations and practices which may cause market disruption and; Investigate alleged breaches of the laws and regulations governing the capital market and enforce sanctions where appropriate.

Source : BusinessDay

Tags: No tags

Comments are closed.