History Made As Nigerian Stock Exchange Becomes Public Company

The Nigerian Stock Exchange (NSE) has won regulatory approval paving way for a public listing of its shares. The NSE will henceforth run as a public company limited by shares, rather than a private company limited by guarantee of owners or members after finalising a demutualisation process, that saw the addition of new shareholders. The shift makes the NSE the 57th exchange in the world to embrace such a transformation since Sweden's Stockholm Stock Exchange piloted the move in 1993. Nigerian stocks, rose by 0.63%, regaining investor confidence, following a significant loss in previous trading.

InFocus

(file photo).

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 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.