Skip to main content

....

Nigeria Legislative Arm Pass Bill for Nigeria Stock Exchange to be Publicly Listed





Africa's second largest sub Saharan capital market, only after Johannesburg,The Nigerian Stock Exchange (NSE),  has received
the blessings of the legislative chambers to become a publicly listed entity. The lawmakers voted in favour of the move yesterday, 25th January, 2018.


With this move, it can now issue shares to investors although it is not immediately known if it would issue via initial public offer(IPO).



 It got approval from most of it's key players, mainly corporate investors and stock brokers, to go ahead with the move last year.

The lower legislative house; House of Representatives, passed the bill yesterday, after the upper legislative house, the Senate, passed the bill in December.

The bill is waiting the approval of the president, Pres. Buhari, to sign it into law.
With this move, it joins Johannesburg Stock exchange, which became listed about 12 years ago, in 2006.

The NSE was initially established in 1960 as the Lagos Stock Exchange (LSE) but changed it's name to the Nigerian Stock Exchange (NSE)  In 1977.

While the actual reason for the NSE's decision to go public is not known, one of the biggest reasons why companies decide to go public, is to generate funds and spread risk.

Comments

Follow Us

                                  






Popular posts from this blog

Chioma Ikokwu aka Chioma Good Hair Shares 3 Secrets Behind the Success of the Good Hair Brand

Popular Lagos Socialite and business woman, Chioma Ikokwu aka Chioma Good Hair has built a successful business,"Good Hair" with her partner, Kika Osunde,  over the years. 
The duo who

Fenty May have Out sold Kylie Cosmetics, But Kylie Will Always Make More Than Rihanna...Here is Why

When news filtered a few days back that Kylie Jenner is now a billionaire, most people were not shocked. This is because there had been projections that her main source of income, Kylie Cosmetics, will soon be worth a $1b after valuation.
Naturally people were curious as to who held the number one spot as the youngest billionaire before her. It turns it out was Facebook’s Mark Zuckerberg. At age 23,  was the youngest billionaire in the world.

This is not the only comparison people made. People also compared her with her biggest rival in the cosmetics market, Rihanna’s Fenty. The comparison is not exactly uncalled for as they both cater to the same demographic and they both have similar products.

Most people noticed

Kayode Abbas Reveals Why You Should Set Goals Via Social Media for Your Business

Kayode Abbas is a social media expert and in this post he shares how social media is a powerful tool and how ways we can make money off it.

85% of people use social media without goals. I was consulting for a client that wanted to quit social media because he wasn't getting results. I probed and found he didn't have goals set. How can you get as much value as possible from the time and resources you put into social media ?