Hopes that companies listed in the second-tier securities market (SSM) of the Nigerian Stock Exchange (NSE) will get financial support from banks may remain dashed unless they improve on their corporate governance and skill issues, the boss of a leading bank has said.
The SSM was created by the NSE to accommodate indigenous firms that failed to meet the listing requirements for the main board. But over the years that sector of the NSE has failed to grow due to weak patronage by investors as a result of their poor performances.
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