Lagos State Governor Babatunde Fashola spoke with journalists
at the10th Lagos Executive/Legislative parley, where he 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. So he demanded that a similar trend should be followed in
Nigeria.
Governor Fashola said;
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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