Fears Envelope Nigerian Stock Excange, as Market Reopens for Trading

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Equity transanctions reopens at the Nigerian Stock Exchange (NSE) for the month of November on Monday under serious market operators and investors’ concerns that revolves around risk management and
corporate confidence issues.

The concerns, which some dealers termed very serious hovers around Oando Plc huge losses, Stanbic IBTC holdings’ indictment by the Financial Reporting Council of Nigeria (FRC) and the Central Bank of
Nigeria sanction of FBN Holdings and UBA for Single Treasury Account (TSA) non-compliance.

Although both Securities ans Exchange Commission (SEC) and NSE have remained silent on the issues, some capital market operators and shareholders are expressing divergent views on the implications of
those regulatory hammers on the capital market.

Some argued that regulatory sanctions would further compound the nation’s macroeconomic challenges and the dwindling fortunes at the capital market.

Others also said the sanctions was a positive omen for regulatory framework and corporate governance in Nigeria.

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