Sunday, 24 November 2013

Gov Fashola wants Nigerian Stock exchange renamed after Lagos

While speaking with journalists at the10th Lagos Executive/Legislative parley, Lagos State governor Babatunde Fashola demanded a review of the decree which changed the Lagos Stock Exchange to Nigerian Stock Exchange in 1977, noting that across the world, stock exchanges are named after their host cities and not the country. He asked that a similar trend should be followed in Nigeria.

Governor Fashola said;
“I think the time has come for us to begin to look at the legislation that was passed during the military administration that is decrees and acts. I think that was when the Lagos Stock Exchange became the Nigerian Stock Exchange, in unification for the country. Perhaps there is the need for us to go back to what is best global practice because we have the Johannesburg, Paris, New York and we don’t have the American Stock Exchange or German Stock Exchange while there is a Frankfurt Stock Exchange and so on. There is nothing like the British Stock Exchange, but the London Stock Exchange” he adds, noting that

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