Nigerian Stock Exchange becomes public company after 11 years in the works

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

Oscar Onyema, Group CEO NGX Group PLC

But impediments stood on its way and no major progress was made until 2017 when the plan advanced further. The Demutualisation of the Nigerian Stock Exchange Bill was passed separately by the Senate and the House of Representatives in December 2017 and February 2018.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Stock Exchange completes conversion to public company (PLC)The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned... This is great news.
Source: TheNationNews - 🏆 6. / 69 Read more »

Demutualisation: Nigerian stock market grows by N128bnThe nation’s bourse on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of the approval of demutualisation.S... Who care it’s not those stupid leaders spending it all.
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigerian stocks rise further on bank stock gainsThe benchmark index edged 0.29 per cent higher.
Source: PremiumTimesng - 🏆 3. / 78 Read more »