Demutualization of the nigerian stock exchange news

Here are some news articles and updates on the demutualization of the Nigerian Stock Exchange (NSE):

Background

The Nigerian Stock Exchange (NSE) is the largest stock exchange in West Africa, with a market capitalization of over $30 billion. In 2018, the NSE announced plans to demutualize, which means converting from a mutual organization owned by its members to a publicly traded company.

Demutualization Process

The demutualization process involves several steps, including:

  1. Conversion of the NSE's ownership structure from a mutual organization to a company limited by shares.
  2. Issuance of shares to existing members of the exchange, who will become shareholders of the new company.
  3. Listing of the new company on the NSE, allowing the public to buy and sell shares.
  4. Transfer of the NSE's assets and liabilities to the new company.

News Articles

Here are some news articles on the demutualization of the NSE:

  1. "NSE begins demutualization process" (The Punch, November 2018)

The NSE has begun the process of demutualization, which is expected to be completed by the end of 2020. The exchange has appointed a demutualization committee to oversee the process.

  1. "Demutualization: NSE to issue shares to members" (ThisDay, December 2018)

The NSE has announced that it will issue shares to its members as part of the demutualization process. The shares will be listed on the exchange, allowing members to buy and sell them.

  1. "NSE demutualization: A new era for the exchange" (BusinessDay, January 2019)

The demutualization of the NSE is expected to bring in new capital and improve the exchange's operations. The new company will be listed on the exchange, allowing the public to buy and sell shares.

  1. "Demutualization: NSE to raise N100 billion" (The Guardian, February 2019)

The NSE plans to raise N100 billion (approximately $270 million) through the demutualization process. The funds will be used to improve the exchange's infrastructure and operations.

  1. "NSE demutualization: A game-changer for the capital market" (Vanguard, March 2019)

The demutualization of the NSE is expected to be a game-changer for the capital market in Nigeria. It will bring in new capital and improve the exchange's operations, making it more attractive to investors.

Timeline

Here is a timeline of the demutualization process:

Note: The timeline is subject to change and may be affected by various factors, including regulatory approvals and market conditions.