The Nigerian Stock Exchange (NSE) said it has started working on the final stages of its conversion from a not-for-profit limited by guarantee entity into a profit-making, shareholders-owned public limited liability company.
The conversion is technically known as demutualisation, which is the process of converting the Nigerian Stock Exchange (NSE) from an organisation which exists for the benefit of its members, to one which is public, and investor owned.
The chief executive officer of NSE, Mr. Oscar Onyema, at the 2018 Market Recap and 2019 Outlook event held in Lagos, said that demutualisation bill was signed into law and assented to by the president.
He stated that the NSE is currently working on the final stages of the demutualisation process. According to him, the Exchange has gone farther than it had ever been in the conversion process and has started working on the final stages of the process. He said the Exchange was committed, not only to early completion of the process,…
