Stakeholders in the Nigerian capital market have identified demutualisation of the Nigerian Stock Exchange (NSE) as a major factor that would significantly increase the confidence of the local investor and spur activities in stock market.
Besides, they argued that the exercise would also reduce to the barest minimum, over-dependence on foreign investors in the nation's capital market. In demutualisation, the members give up their rights and receive shares from the company in return, which the (now former) members may then sell.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article