Nigeria: OBJ Seeks Integration of African Stock Exchanges

5 September 2006

Abuja — President Olusegun Obasanjo has called on African Stock Exchanges (ASE) to embrace integration as a short cut to the critical mass required for exploiting the economy of scale and competing in a globalised securities market where size has become a major success factor.

Declaring open the 2006 Nigerian Stock Exchange's (NSE) Annual Conference of Chief Executive Officers and Directors of Quoted Companies in collaboration with Johannesbourg Stock Exchange Limited (JSE) of South Africa in Abuja yesterday, Obasanjo observed that already the African Stock Exchanges Association (ASEA) has adopted harmonised listing requirements to facilitate cross-border listing among stock exchanges of the continent.

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