NSE to revoke license of inactive stockbroking firms

The Nigerian Stock Exchange, NSE, has announced plans to revoke licences of Stockbroking/Dealing member firms that are inactive for six consecutive months in the capital market transactions. The exchange stated that the move was to maintain the integrity of the capital market and further protect investors in Nigeria.
According to a statement from the NSE” The intention is being pursued through a Securities and Exchange Commission (SEC) approved rule that authorizes the NSE to revoke the Dealing Member Licences of such inactive firms. Continue Reading