RECESSION: Obasanjo calls for transparency at stock market.

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Former President Olusegun Obasanjo says the present economic recession could only be fought successfully if confidence, stability, credibility and transparency could be guaranteed at the stocks exchange market.

Obasanjo who urged the authorities at the stock exchange to create confidence in the Stocks market, claimed that the market has made a billionaire to become a millionaire while a millionaire becomes ‘thousandnaire’.

The former president stated this while receiving the Director General, Securities and Exchange Commission SEC, Mounir Gwarzo at his Presidential Hilltop mansion in Abeokuta yesterday.

He declared that Nigeria needs all-encompassing economic parameters to rebound the ailing economy which includes building investors’ confidence in stocks marketing system.

Responding, Mounir Gwarzo, SEC DG disclosed that the Commission was in Abeokuta in continuation of Financial Literacy and Quiz Competition in Primary and Secondary school levels as part of efforts to inculcate financial culture in the young ones.

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Published by: OJOBORUN TOSIN JOSEPH

Information is a growth for human being, without information we can't live, practicing Journalism in today's style and preparing for tomorrows changes: I am a Journalist, media consultant, social media manager; update yourself with information at newserablog.worldpress.com.

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