• Thursday, June 13, 2024
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  Dogara to ring bell at Nigerian Stock Exchange Friday


Yakubu Dogara, Speaker of the House of Representatives, will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos.

Dogara, will ring the bell to close activities on the floor of the Exchange by 2pm.

The Speaker was invited to the NSE in recognition of his contribution and that of the House of Representatives in deepening the market through legislation.

The House had initiated legislation to effectively regulate the stock market to ensure the safety of investors’ funds.

Dogara who led the campaign towards deepening of the Exchange while declaring open a conference organised by the House Committee on Capital Market, reiterated the resolve of the House to initiate legislations that will compel multinational oil, gas and telecommunications companies doing business in the country to enlist a certain percentage of their value on the Exchange.

He had stated further that large companies in the country must be compelled to list on the capital market in order to deepen the market and make capital available for investors and create employment.

The Speaker has also called for severe sanctions against fraudulent stock market players as part of measures to strengthen the country’s financial market.

While expressing confidence that the stock market could provide the needed platform to revamp Nigeria’s economy, the speaker had also said the House of Representatives was ready to contribute its quota, to check the drift in the sector.