LAGOS- The Nigerian Stock Exchange (NSE) has said that it has no plans to close the capital market.
A statement by the Head, Corporate Affairs Department of the NSE, Mrs. Yinka
Idowu, said that the attention of the NSE had been drawn to some media reports that the exchange might be closed down soon.
The report, according to the statement, was a device by the NSE to sensitise the
Federal Government to support the efforts of the exchange to reverse the market depression.
The statement urged members of the public to disregard the report, saying there was no controversy over the on-going discussion with some banks on the issue of appointments of market-makers for the capital market.
The statement noted that the media and other stakeholders had the responsibility to ensure market stability in the current “global meltdown”.
It stated that the NSE had been working with the government through the Securities and Exchange Commission (SEC) and other stakeholders on how to move the market forward.
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