1. It‟s my pleasure and privilege to present to you the new „Rules Governing Listing on The Nigerian Stock Exchange”. After extensive public consultation including dialogue with Operations of the stock market, The Exchange has completed the Revision of its Listing Rules, the last review being in 1975.
2. In reviewing the New Listing Requirements; we took into consideration the recommendations made by the Securities and Exchange Commission, the Central Bank Public Debts Office, Stockbrokers and comments received from other operators of the market during the public consultation process.
3. As top executives of quoted and quotable companies, stockbrokerage firms and other financial institutions, we do not intend to bore you with details of the Listing Rules but to give you a brief overview in order that you may better understand the operating guidelines of the unique Stock Exchange “Club” which, you belong. The Exchange organised several workshops and seminars in the 90‟s in which middle managers and company executives were acquainted with details of The New Listing Requirements.
4. All companies seeking quotations must be introduced to The Stock Exchange by a Dealing Member (Stockbroker) who acts as an intermediary between the company and The Exchange. His duty includes, ensuring
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