The Nigerian Stock Exchange (NSE) has said it was taking proactive steps towards ensuring that the companies that emerge from the power sector privatisation process are listed on the nation’s capital market.
Speaking at 12th annual conference of Women in Management, Business and Public service (WIMBZ), Mrs Taba Peterside, General Manager of the NSE said the the exchange was working not to make the same mistake it made during the influx of telecommunications companies in the country.
According to her, stakeholders in the Nigerian capital market are working with the Bureau of Public Enterprises (BPE) to ensure that listing on the Nigerian bourse is an integral part of their operating requirements.
Peterside noted that while it has found compulsion not to work, the NSE along with other stakeholders and regulators are embarking on persuasion in getting telecommunications companies in the country to list on the exchange.
She added that the Securities and Exchange Commission (SEC), the Ministry of Finance and other regulatory organisations were working on policies that would make it necessary for big multinationals in the telecoms and oil and gas industries to get listed on the Nigerian bourse.
However, she urged small businesses in the country to take advantage of the opportunities that abound in the capital market. Peterside noted that there were various funds within and outside the shores of the country that were looking for small businesses to invest in.
She however stated that these investors ensure that there is an exit strategy by investing in listed companies as well as those contemplating issuing an Initial Public Offer (IPO).
The chairperson of WIMBIZ, Mrs Adeola Azeez, urged women to key into the opportunities that abound in the fast growing economy of the country.
Information from Leadership was used in this report.