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Nigeria to sell Abuja commodity exchange stake to revive market

Posted on 23 January 2014

Nigeria’s government plans to sell its ownership of the Abuja Securities & Commodities Exchange by the middle of the year after missing an initial deadline in a plan to revive trading.
“The government wants to privatize the only commodity exchange and it had committed to doing it by the end of last year,” Securities and Exchange Commission Director General Arunma Oteh said in a Jan. 15 interview at the regulator’s headquarters in the capital, Abuja. “It didn’t meet that deadline, but it’s planning to do something by the middle of 2014.”……………………………………….Full Article: Source


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