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Effective today, Dec. 17, NSE moves REITs, CEFs to separate board

The Nigerian Stock Exchange (NSE), will from today, Monday, December 17, 2018 migrate Real Estate Investment Trusts (REITs) and Closed End Funds (CEFs) to a separate board under Equities.
This follows an earlier notification made by the Exchange on a restructuring of the framework regarding the trading of Real Estate Investment Trusts (REITs) and Closed End Funds listed on its platform.
The migration of this asset class is aimed at promoting visibility and liquidity of listed REITs and CEFs in our market.
A statement made available to Business Hilights weekend disclosed that NSE remains committed to partnering with its issuers, investors and other capital market stakeholders, in providing a multi-asset platform that caters to different classes of investors.
The NSE, a company limited by guarantee, services the largest economy in Africa and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. The Nigerian Stock Exchange continues to evolve to meet the needs of its valued customers, and to achieve the highest level of competitiveness. It is an open, professional and vibrant exchange, and the Entrepreneurial Growth hub of Africa. The Nigerian Stock Exchange aspires to be Africa’s foremost securities exchange, connecting Nigeria, Africa and the world.