20 June 2012

Nigeria: Dangote Back As NSE President, Chairs Council Meeting

Photo: This Day
Alhaji Aliko Dangote, business mogul and richest man in Africa.

Lagos — The National Council of the Nigerian Stock Exchange met yesterday and was chaired by President of the Dangote Group Alhaji Aliko Dangote.

Dangote's presidency of the exchange was recently confirmed by the Court of Appeal, sitting in Lagos. Dangote, who breezed into the exchange at about 4:15pm, was received by the Director General of the NSE, Mr. Oscar Onyema and other top management staff of the organization.

Capital operators at the bourse expect him to focus on steps to restore investor confidence which the market seemed to be lacking, currently.

Among the issues considered at the meeting were the recent directives issued by the Board of the Securities and Exchange commission (SEC) that the individuals nominated by the Commission to the council of the Exchange in the public interest should disengage from council.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.