Stakeholders Foresee Growth Opportunities in NSE’s Demutualisation SEC, CAC approve new status for bourse Goddy Egene Stakeholders in the capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the
Corporate Affairs Commission (CAC) for the demutualisation of the Nigerian Stock Exchange (NSE), saying it will lead to the growth of the market and the economy. The approval by SEC and
CAC has led to the completion of the demutualisation process of the exchange, transforming it into a profit-making and limited liability company. With the demutualisation, a new non-operating holding
company, the Nigerian Exchange Group Plc (NGX Group), has been created with three operating subsidiaries. The subsidiaries are: Nigerian Exchange Limited (NGX Limited), which will be
the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulation company; and NGX Real Estate Limited (NGX RELCO), the real estate company.
Reacting to the development, the Chairman of Association of Securities Dealing Houses of Nigeria (ASHON), Chief Onyewenchukwu Ezeagu, said Continued on page 8
Okonjo-Iweala Cautions Nigeria, Others against Bilateral Trade Agreements... Page 6 Thursday 11 March, 2021 Vol 26. No 9468. Price: N250
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Labour Threatens Strike over Minimum Wage Decentralisation Bill... Page 47
Irabor Talks Tough, Orders Troops to Smoke Out Unrepentant Bandits 25 terrorists eliminated in Borno
Kingsley Nwezeh in Abuja
The Chief of Defence Staff (CDS), General Lucky Irabor, yesterday charged troops to be ruthless and more aggressive in dealing with unrepentant bandits in the North-west. Irabor, in his maiden operational directive to the troops, since assumption of office ordered the troops to remain focused, committed and resolute in discharging
their duties. The order came just as troops eliminated 25 terrorists in a fierce encounter in the North-east following an earlier battle order issued by the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru. A statement yesterday by the Director, Defence Information, Brig.Gen. Onyema Nwachukwu, quoted the CDS Continued on page 8
Repatriated £4.2m Belongs to Delta, Say House, Falana, Azinge State govt weighs options Alex Enumah, Emmanuel Addeh, Udora Orizu in Abuja and Omon-Julius Onabu in Asaba TThe Delta State Government yesterday got support from the House of Representatives as well as two Senior Advocates of Nigeria (SANs), Professor Epiphany Azinge and Mr. Femi Falana, to lay claims to the £4.2 million recovered by the
United Kingdom due to be repatriated to Nigeria soon. The House at plenary asked the federal government to suspend plans to spend the money as it belongs to the state. Azinge and Falana also rejected the expenditure outlay the federal government released on Tuesday. Continued on page 8
INOCULATED... Nasarawa State Governor, Mr. Abdullahi Sule (left), receives his COVID-19 vaccine in Lafia…yesterday
Akeredolu, Fayemi, Others Take COVID-19 Vaccine Jab... Page 5