Nigerian Stock Exchange becomes public company after 11 years in the works
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.
The
Nigerian Stock Exchange (NSE) will henceforth run as a public company limited by shares, rather than a private company limited by guarantee of owners or members after consummating a demutualisation process that spanned
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.
The exchange is at liberty to list its own shares and trade them on the bourse like every other quoted firm now that approvals from market watchdog Securities and Exchange Commission (SEC), and Corporate Affairs Commission (CAC) are now in the bag.
NSE completes demutualisation process
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SE completes demutualisation - SEC, CAC approve | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News
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Joseph Olaoluwa
The Nigerian Stock Exchange has vowed to prioritise the inclusion of women on the board positions of its demutualised entities.
Chief Executive Officer of the NSE, Oscar Onyema, made the vow on Monday during the commemoration of the International Women’s Day 2021 hosted virtually in collaboration with United Nations Global Compact, UN Women, Sustainable Stock Exchanges Initiative, International Finance Corporation, World Federation of Exchanges and Women in ETFs.
The NSE had recently announced that under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group Plc, had been created, with three operating subsidiaries – Nigerian Exchange Limited, the operating exchange; NGX Regulation Limited, the independent regulatory arm; and NGX Real Estate Limited, the real estate company.