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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.

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