JOHANNESBURG (AP) -- The Nigerian Stock Exchange became a full member of the World Federation of Exchanges on Tuesday, just as it prepares to woo Asian fund managers.

It's taken three years for the West African exchange to win approval based on proper regulation by bodies including the Securities and Exchange Commission of Nigeria, the Central Bank of Nigeria and the Central Securities Clearing System.

The federation sent an assessment team to Nigeria last month and the Nigerian Stock Exchange announced in a statement that it received a unanimous vote for admission as a full member at the general assembly of the federation Tuesday in Seoul, South Korea.

CEO Oscar Onyema said it is a step forward in the Nigerian exchange's integration with global financial markets.

The exchange's head of strategy, Yvonne Emordi, said "It sets the tone for the upcoming Asia tour the Nigerian Stock Exchange will kick off in early December this year, to introduce our market to Asian fund managers with frontier and emerging market investment strategies."

The federation is a global trade association for operators of regulated securities exchanges that Onyema called "an important reference for international investors."

The main board of the Nigerian Stock Exchange currently lists 190 equities with a market cap of more than $83 billion.

The membership comes the same year Nigeria, Africa's biggest oil producer and its most populous nation of about 160 million, rebased its economy to overtake South Africa as the largest on the continent.

The Nigerian exchange is only the fifth in Africa to join the federation. The others are based in South Africa, Egypt, Morocco and the Indian Ocean island of Mauritius.

Source: https://za.news.yahoo.com/nigerian-stock-exchange-joins-world-140412872.html

The market for our stocks have now expanded beyond Africa to the entire world. This means more money being pumped into our economy. This means more companies, more jobs, more investments, etc. This is a great achievement for the country.

Another Fresh Air from GEJ.
Goodluck Nigeria
Goodluck till 2019

Sounds good

This spells nothing if our youths can't get jobs, we can't get affordable quality healthcare, if 5naira can't buy me a sachet of water and we still learn under trees and in open fields.



I am not a moslem, why should I be forced to declare what I don't believe? SEUN please take note and do the needed.

Goodluck TO my DORLIN CONTRY (Nigeria)..... GLUK till 2019







#TAN

OK oo

This will not help the unemployed youths in Nigeria because. Of corruption

Nice one...we're getting closer to the global financial market

Otueke father will claim this as a development

This is a big feat! Gradually we are getting there against all odds!

What's my gain

Not a bad development

Bad news for APC

Congrats naija

Obinoscopy:
The market for our stocks have now expanded beyond Africa to the entire world. This means more money being pumped into our economy. This means more companies, more jobs, more investments, etc. This is a great achievement for the country.

Voodoo economics

Kk

Goodluck Nigeria

Five science facts we learnt at school that are plain wrong.

www.nairaland.com/1973239/five-science-facts-learnt-school

Obinoscopy:
The market for our stocks have now expanded beyond Africa to the entire world. This means more money being pumped into our economy. This means more companies, more jobs, more investments, etc. This is a great achievement for the country.

Ceteris Paribus

Ok but will the dividend evenly distributed

LOL

Jeje jeje we dey go jeje jeje we dey go jeje.
This is welcome development, that's means a lot of revenue to generate money now yakpa,more companies.And our economy will b stable n gidigba.

Nothing to say about this but i just want to comment.

Okay.

Bye.

can I get likes for no reason?

Okay

Nigeria great nation; we will get there.

Welcome development...

ApcBroom:
[size=18pt]GEJ till JESUS comes back to rule the world from ASO VILLA [/size]

And your username na ApcBroom. How manage

dancing!!! Alanta,alanta,alanta......

more economic development, more embezzlement...