The Nigerian Stock Exchange (“NSE”), a company limited by guarantee, is currently in the process of being demutualised into a public company limited by shares (“Plc”). Upon conclusion of the demutualisation, the NSE will be re-registered as the ‘Nigerian Exchange Group Plc’. This process will bring the Nigerian capital market in line with prevalent international practice and standards. It may also result in enhanced governance, transparency and global visibility whilst attracting strategic partners and investors and significant inflows of capital.
In this article, Damilola Ogedengbe (Senior Associate) and Khadijat Akewushola (Associate) discuss the justification for the demutualisation and the decade long demutualisation process.
You can read the article here.