Nigerian Stock Exchange Completion of the 10 -year demutualisation project of the Nigerian Stock Exchange (NSE) has opened a new vista, especially growth prospects in the bourse, as more people are likely to deepen investments and project the organisation more to the world. The move, which would usher in the public listing of the exchange’s shares, was finalised yesterday following approvals from the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC). Demutualisation is the transformation of a stock exchange into a public company that is shareowner-based. It allows the shares of the bourse to be quoted on its floor.