NSE to slash sectors to 11, proposes two-market structure
The Nigerian Stock Exchange, NSE, is set to undertake a restructuring of the secondary segment of the capital market, reducing the number of sectors to 11 from the present 33 and collapsing the three markets – Equities, Industrial Loan and Government Stocks markets into the Equities market and Bond market.
Mr. Oscar Onyema, Chief Executive Officer, NSE, in his presentation to chief executives of stockbroking houses in Lagos, made available to Vanguard, said that the restructuring will help streamline the market, boards and industry sectors for accurate representation of investment instruments and ensure that they are a true reflection of Nigeria’s economy sectors.
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