Vice President Yemi Osinbajo has commended the completion of the demutualization of the stock exchange, describing it as a welcome development.
He gave the commendation on Monday at the State House in Abuja when he met with the management of the Nigerian Exchange Limited led by its Chief Executive Officer, Mr. Temi Popoola, who made a presentation on the post-demutualization activities of the Nigerian Exchange Group.
He also urged the management of the company to explore areas of growing the stock market by venturing into emerging frontiers.
The Vice President assured the management that the government will create policies that will enable the company and the stock market to reach greater heights.
In his remarks, Popoola said the organization has been repositioned for profit and is now aligned to the tastes and preferences of the market.
According to him, under the new arrangement, the market will be opened for more companies to be listed, resulting in more revenues for the government as listed companies pay more taxes and are more responsive to the environment they operate in.