Feyisayo Popoola
Stakeholders and operators in the Nigerian capital market have commended the National Assembly for the passage of the bill on the demutualisation of the Nigerian Stock Exchange. They described the development as both timely and reasonable, according to a statement.
They urged President Muhammadu Buhari to speedily give assent to the bill in view of what they described as its ‘huge benefits to the nation’s economy’.
The statement said the bill sought the conversion of the NSE from a company limited by guarantee to a company limited by shares.
It added that the bill, which was titled ‘An Act to facilitate the development of Nigeria’s capital market by enabling the conversion and re-registration of the Nigerian Stock Exchange from a company limited by guarantee to a Public Company Limited by Shares and for related Matters, 2017’, (otherwise called…
Read More…..Punch Newspapers
