TUESDAY 3RD MARCH 2020

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With Planned Demutualisation, NSE to Unlock Nigeria’s Growth Potential Onyema, Aig-Imoukhuede, Ogunbanjo list other gains of impending regime Obinna Chima The court-ordered meeting as well as an extraordinary general meeting of the Nigerian Stock Exchange (NSE) holding in Lagos today,

will pave the way for the commencement of the process to demutualise the Exchange, thereby unlocking Nigeria’s economic growth potential, THISDAY has learnt. THISDAY gathered that

if the resolution is passed at the meetings today, the demutualisation process will lead to the conversion of the NSE from a company limited by guarantee, to a company limited by shares.

It will also be re-registered as a company in the name Nigerian Exchange Group Plc. However, the shares of the NSE would not be listed immediately after the demutualisation, but

later. This would be after other documentation and registrations would have been done. With the process, the NSE would be unbundled and the Nigerian Exchange Group Plc

would be a non-operating holding company. Under the holding company, there would be subsidiaries, which would include the Continued on page 10

Standard & Poor’s Revises Nigeria’s Outlook to Negative...

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Tuesday 3 March, 2020 Vol 25. No 9094. Price: N250

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Buhari Offers Solace as Bandits Kill 51 in Kaduna Says FG won’t allow reign of terror to subsist El-Rufai rules out amnesty, negotiations with gunmen Omololu Ogunmade in Abuja and John Shiklam in Kaduna President Muhammadu Buhari yesterday offered comfort

to the people of two local government areas in Kaduna State where bandits killed 51 people on Sunday and injured scores of others.

The president, who condoled with the bereaved family and sympathised with the injured, in a statement by presidential spokesman, Mallam Garba

Shehu, assured the people of Kaduna State and other parts of the country that his government would continue to deploy all resources at its

disposal to fight bandits and wipe them out. The state Governor, Mallam Nasir El-Rufai, who also visited the affected

communities in Igabi and Giwa Local Government Areas, foreclosed the possibility of Continued on page 10

Coronavirus: Nigeria Places Italy, Iran, S’Korea, Japan on Watch List Tracing 156 co-passengers of infected Italian Cautions schools against forcing students to wear face masks Fayemi orders screening of passengers at motor parks Onyebuchi Ezigbo in Abuja, Martins Ifijeh in Lagos, Francis Sardauna in Katsina and Victor Ogunje in Ado Ekiti The federal government has placed five countries with community transmission of COVID-19, comprising Italy, Iran, South Korea, Japan and China on its watch list. The federal Ministry of Health is also tracing 156 passengers that boarded the Turkish Airline flight with the Italian that tested positive to Coronavirus on arrival in Nigeria. It is believed that some of the passengers may have left the country after stopping over for days. Besides, the federal government has cautioned schools against forcing students to wear face masks, adding

that the virus is treatable. Also, following the outbreak of Coronavirus (COVID-19) in Lagos, the Katsina State Government has inaugurated an emergency operation centre to tackle any outbreak of the disease in the state. The Ekiti State Governor, Dr. Kayode Fayemi, has also directed medical experts to start screening passengers coming into the state from border states to prevent the spread of the virus to the state. However, as the federal government stepped up efforts to curb the spread of the virus in the country, the DirectorGeneral, Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, said yesterday that the government had decided to place four more Continued on page 10

Again, S'Court Adjourns Ihedioha's Judgment SECURING THE DELTA... L-R: Chief of Army Staff, Lt-Gen. Tukur Buratai (left), and Delta State Governor, Senator Ifeanyi Okowa, during the Reversal Application Hearing... Page 6 presentation of a Certificate of Occupancy for 63 Brigade Headquarters Complex to the Army chief in Asaba...yesterday


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