The Federal Government plans to sell its ownership of the Abuja Securities and Commodities Exchange by the middle of the year.
The
Director General of the Securities and Exchange Commission (SEC), Ms.
Arunma Oteh, who made this known to Bloomberg Businessweek, said the
government was committed to privatising its only commodity exchange.
“We have a number of both domestic players and international players who are very interested,” Ms. Oteh said.
“They’d
rather acquire the privatised exchange,” she added, “so they’re trying
to see how far the government is going with this initiative and if not
they’re prepared to seek a registration for a new commodity exchange.”
Heirs
Holdings Ltd, a Lagos-based company with interests across Africa in
banking, energy, real estate and agriculture is one of the companies
that have indicated interest in acquiring the state-owned Abuja-based
exchange upon privatisation.
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