Tuesday 7 October 2008

Nigerian Stock Exchange and Securities and Exchange Commission discuss stock market bail out

Nigerian Stock Exchange and Securities and Exchange Commission meet in crisis talks today on a plan to plan bail out the Nigerian stock market.

The Federal Government has been trying to stem the negative trend for two months with a variety of meaures. It now appears they are appealing to the private sector for help. The plan will involve the Central Bank of Nigeria and market operators including banks. The market is down 31 per cent since its high.

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