31.8 C
September 23, 2021

Osinbajo Commends Stock Exchange Demutualisation

Osinbajo Commends Stock Exchange Demutualisation
Vice President Yemi Osinbajo (File Photo)


Vice President Yemi Osinbajo has commended the completion of the demutualisation of the stock exchange, describing it as a welcome development.

He gave the commendation on Monday at the State House in Abuja when he met with the management of the Nigerian Exchange Limited led by its Chief Executive Officer, Mr. Temi Popoola, who made a presentation on the post-demutualisation activities of the Nigerian Exchange Group.

He also urged the management of the company to explore areas of growing the stock market by venturing into emerging frontiers.

The Vice President assured the management that the government will create policies that will enable the company and the stock market to reach greater heights.

In his remarks, Popoola said the organisation has been repositioned for profit and is now aligned to the tastes and preferences of the market.

According to him, under the new arrangement, the market will be opened for more companies to be listed, resulting in more revenues for the government as listed companies pay more taxes and are more responsive to the environment they operate in.

Related posts

British Airways To Cut Jobs Over Coronavirus Outbreak

Ronke Idowu

10 Food Items Exempted From VAT

Soonest Nathaniel

Justify The Necessity For Electricity Tariff Increase, Organised Private Sector Tells FG

Akinkunmi Obakeye

Leave a Comment