Agency to re-open discussion on public enterprises enlistment

ayodele johnson

February 1, 2016 10:36 AM

The introduction of public companies will enable the economy to be strengthened gradually in the midst of vast currency depreciation challenges

Traders work at the Nigerian Stock Exchange in Lagos

The Nigerian Stock Exchange has re-affirmed its dedication to ensure that the Federal Government encourages an opportunity to list public enterprises on the stock exchange.

According to the organisation, the public stand a chance of benefiting from the introduction.

Chief Executive Officer of the NSE, Mr. Oscar Onyema, while reacting to questions from the media during its briefing on the performance of the market in 2015 and outlook for the year said “the NSE will continue to dialogue with the FGN to ensure that state-owned enterprises are listed in the capital market to unlock the government potentials.”

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“We anticipate 2016 to be a challenging year for the capital market and the domestic economy. We intend to continue our collaborative efforts with the new administration and other private sector players to create a framework for financing the nation’s infrastructure and capital requirements.

“Additionally, we plan to work with the FGN to ensure that the appropriate message is conveyed to the investor community. “The current state of the market creates both challenges and opportunities for investors. We believe that taking a portfolio approach to investing provides the best risk adjusted alternative for participating in the capital market. As such, we want to ensure that the NSE provides a repertoire of products that will allow investors to create well diversified portfolios of uncorrelated asset classes”.

Taking this direction will enable the economy to be strengthened gradually in the midst of vast currency depreciation challenges.

ayodele johnson