• Tuesday, December 05, 2023
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Supplementary list of market makers out soon


 Victor Ogiemwonyi, a council member of the Nigerian Stock Exchange (NSE), has said that a supplementary list of market makers would soon be out.

Ogiemwonyi, who disclosed this on Wednesday at the monthly meeting of Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos, said that the aim was to boost activities in the capital market.

He said that the supplementary list would bring more retail investors and liquidity to the capital market.

Ogiemwonyi, who is also the managing director of the Partnership Investment Plc, said that a framework for the commencement of demutualisation would soon be released by Securities and Exchange Commission.

He said that the NSE had already constituted a committee that would ensure the smooth running of the initiative.

Ogiemwonyi said that the initiative was being adopted in conformity with the international best practice.

He said that market dynamics had changed, adding that the NSE had introduced qualitative method of administration.