Nigerian Stock Market - Review of Recent Changes



Nigerian Stock Exchange was not very popular among Nigerians in the locust years of military rule. Those were the years when only a few rich people exchange monopoly advantage and use it to their advantage, and those members of their families. Most Nigerians have remained in the dark.

that perception will change after the arrival demokracije.Vlada then took a radical step in the telecommunications sector, which has a lasting impact on the restructuring of the business stock.

D.G. Stock Exchange-Professor Ndidi Okereke with the approval of then President Olusegun Obasanjo bought and installed ICT facilities to improve operations razmjene.Prvi visible result was the live trading on a computer and credit investor's account within four days of the transaction. That change was revolutionary.

The success prompted the company to buy stock brokerage in the ICT revolution that has seen many of them adopting online services to improve their transactions.

At the time of consolidation of the banking sector in 2006 conzumated, the popularity of the Nigerian Stock Exchange and the inherent advantage in wealth creation and empowerment was on the rise among Nigerians. Nigerians at home and abroad joined the train at the stock market investors to participate in the creation of wealth rave.

total capitalization is less than one trillion naira in 1999, jumped to about 15 trillion naira before the bearish season set in early 2008.Medvjedast melt and the global financial crisis drove the capitalization of the Nigerian Stock Exchange for about 7 trillion naira in January 2009.

after the banking consolidation, it became clear that investors need more information on transactions in računu.Uslužnih warning has been introduced which now allow investors to be informed through their mobile phones as transactions done in their behalf. This has improved the transparency in the work of NSE and its sister organization of the Central Security and Clearing System.

issue the certificates, after repeated public offering is a shame for the NSE as the registration of companies was difficult to set a deadline for the award certificate. To solve this problem, email certificates, e-dividend and e-bonus policy was introduced in order to enable the investors enjoy the maximum benefit from their investment. Nigerians and foreigners can now easily carry out investment online and be properly informed about the status of their accounts.

Although the e-dividend and e-bonus is less problematic implementation, e-certificate has not had such a smooth ride. Investors looking to expand in its implementation beyond the initial deadline of December 2008. The Steering Committee Nigerian Stock Exchange seems to be agreed with the investors. Investors still have more time for dematerialized their certificates before the outright ban of the certificate.

One of the lessons learned from the melt bearish since 2008, is the need for market makers. After several consultations, exchanges now have 5 market makers for the further deepening of the standard practice in the stock market.

No doubt, the Nigerian Stock Exchange had a positive impact on the Nigerian gospodarstvo.Banaka and conglomerates are declaring fantastic results despite the bearish season. Dividends are declared and bonus question you got.

What are the changes mentioned above will continue to impact on the Nigerian stock market will be fully implemented in the coming days. Still, investors welcomed the improved transparency and still want more.

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