Nigeria Plans Dollar Asset Listings to Ease Forex Woes
- Bourse proposes allowing dollar debt and share issuance
- Dollar scarcity among biggest challenge for nation’s companies
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Nigeria’s stock exchange proposes allowing dollar-denominated bond listings and potentially expanding this to stocks, with the aim of easing foreign currency access for companies in Africa’s biggest economy.
Nigerian Exchange Ltd. is targeting companies operating from the country’s special economic free trade zones and those earning foreign currency, according to Chief Executive Officer Temi Popoola.