| The Chartered Institute of Stockbrokers (CIS) advised the Federal Government to use listing on the floor of the Nigerian Stock Exchange (NSE) as condition for the renewal of telecommunications licences. Also, the institute said that the Sovereign Wealth Fund (SWF) should be channeled into the market as part of measures to tackle the challenges of liquidity.
CIS argued that it was an “error” on the part of the Federal Government to have issued the telecommunications licences without insisting that the firms put measures in place to list their shares in the capital market...............................................Full Article: Source |