Lagos - The Nigerian Stock Exchange (NSE) has formally announced plans to revoke the licences of inactive stockbroking and dealing firms.
The exchange took the decision following the discovery that most of the infractions and market abuses at the stock market were traced to them, reports ThisDay.
The NSE said it took the decision to maintain the integrity of the capital market and further protect investors.
Stockbroking firms that would have their licences revoked are those that have been inactive for six consecutive months.
Also read : SEC, stockbrokers meeting ends in deadlock
Read more at ThisDay.
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