There should be nothing like Nigerian Stock Exchange - Gov Fashola

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While addressing journalists at the10th Lagos Executive/Legislative parley, Lagos State governor Babatunde Fashola demanded a review of the decree which transformed the Lagos Stock Exchange to Nigerian Stock Exchange in 1977, remembering that across the entire world, inventory transactions are named following their sponsor cities and perhaps not the country. He asked that a related tendency must certanly be followed in Nigeria.


Governor Fashola said; --- Continue after the break.

“I think the time has come for us to begin to look at the legislation that was passed during the military administration that is decrees and acts. I think that was when the Lagos Stock Exchange became the Nigerian Stock Exchange, in unification for the country. Perhaps there is the need for us to go back to what is best global practice because we have the Johannesburg, Paris, New York and we don’t have the American Stock Exchange or German Stock Exchange while there is a Frankfurt Stock Exchange and so on. There is nothing like the British Stock Exchange, but the London Stock Exchange” he adds, noting that