Nigeria: Stockbrokers Advise Firms to Float More REITs

28 February 2013

Companies listed on the Nigeria Stock Exchange (NSE) were Wednesday urged by stockbrokers to float more Real Estate Investment Trusts (REITs) and other alternative investments other than equities, saying there were investors, willing to stake their funds in REITs.

The Chairman of Association of Stockbroking Houses (ASHON), Mr. Emeka Madubuike, made the call at the Nigerian Stock Exchange (NSE), just as the stock market snapped back from two day's sell-off to close 0.37 per cent higher at 33,736.82

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