Expert: NSE listing on exchange will boost economy today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Goddy Egene
Stakeholders in the capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) for the demutualisation of the Nigerian Stock Exchange (NSE), saying it will lead to the growth of the market and the economy.
The approval by SEC and CAC has led to the completion of the demutualisation process of the exchange, transforming it into a profit-making and limited liability company.
With the demutualisation, a new non-operating holding company, the Nigerian Exchange Group Plc (NGX Group), has been created with three operating subsidiaries.
The subsidiaries are: Nigerian Exchange Limited (NGX Limited), which will be the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulation company; and NGX Real Estate Limited (NGX RELCO), the real estate company.
By Rukayat Adeyemi
Lagos, Feb. 12, 2021 Mr Boniface Okezie, National Coordinator, Progressive Shareholders Association of Nigeria, says the government needs to do more in creating an enabling environment for insurance penetration in the country.
He spoke with Naija247news in Lagos on Friday, against the backdrop of the poor penetration of insurance in the country.
Naija247news reports that insurance penetration is measured as a percentage of premiums to Gross Domestic Product (GDP).
A report by PwC estimated insurance penetration in Nigeria to be about 0.7 per cent.
Okezie said that both the government and operators in the insurance sectors had roles to play in deepening insurance penetration in the country.
TODAY
January 11, 2021
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged.
In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money.
Shareholders back GTBank s planned HoldCo structure today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.