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

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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.

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