Nigerian Bourse Targets $1 Trillion Capitalization By 2016

Stock exchange in Nigeria

From Ventures Africa, a pro-capitalist website based in Nigeria, writes: "Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has disclosed plans for the NSE to hit  $1 trillion market capitalisation by 2016.

More: "According to Nigerian daily, Thisday, Onyema explained that though the Exchange had significantly improved in the last one year, the absence of many companies on the bourse was diminishing its growth. None of the heavily capitalized telecom companies in the country, including MTN, Eitsalat and Bharti Airtel, were listed on the Lagos-based bourse due to undisclosed factors, according to NSE Chairman. 'We are asking the telecom firms why they are not listed on the NSE and they have given us a number of issues and we are working on them. We are expecting that next year, a telecom firm will be listed,' Onyema explained."