The Nigerian Stock Exchange gets green light for public listing

Aigboje Aig-Imoukhuede,Nigeria, President of the Nigerian Stock Exchange (NSE) Council

The Nigerian Stock Exchange (NSE) has been given a green light by its members to become a publicly listed company, it said on Thursday.

The members also approved the appointment of South African bank FirstRand and local investment firm Chapel Hill Denham to guide it through the process of becoming a listed company, the NSE said.

The second-biggest bourse in sub-Saharan Africa after Johannesburg and a main entry point for investors in Africa, the NSE is owned by stockbrokers and some institutional investors.

It has around 200 listed companies, all included in its benchmark share index.

Read more: Nigeria’s stock exchange gets green light for public listing| Reuters