| The Nigerian Stock Exchange (NSE) has witnessed a number of stimulating initiatives in 2012, initiatives designed to encourage growth in capital market activities and give the market depth. For instance, market makers were finally introduced early in the year to provide liquidity, following on the heels of an exchange traded fund, ABSA NewGold, introduced late last year as “cost-effective diversification opportunities for investors”.
In April 2012, The stock exchange signed on with NASDAQ OMX to upgrade its trading platform 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..............................................Full Article: Source
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