Nigerian Stock Exchange – Steps forward

The Nigerian Stock Exchange (NSE) has been a witness of several stimulating initiatives in 2012 which were designed to to encourage growth in capital market activities and give the market depth. An example: Early in 2013, The NSE Lotus Islamic Index was launched to track Shariah-compliant stocks, listing rules were revised, and recently, the central government stopped value added tax (VAT) and stamp duties charged on market transactions. As a whole, the initiatives aim to transform the Nigerian market to make it more attractive for local and foreign portfolio investments and engender investor confidence.

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