BPE targets listing of privatised enterprises on NSE

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By Samson Akintaro

Director-General of Bureau of Public Enterprises (BPE) Mr Alex Okoh, has said that the structure of reforms being carried out by the organisation is targeted at listing of privatised enterprises on the Nigerian Stock Exchange (NSE).

Okoh, according to a statement from the Bureau, stated this during a meeting with members of the technical committee on attraction of new listings to the capital market, where he pledged strong collaboration with the capital market to help strengthen the market. “We will collaborate in reviewing what the conditions are and try to make it right for the listings.”

He, however, raised concerns about the stability of the market and prospects of getting good value should the privatised entities be listed. “We will collaborate with you in establishing the conditions that reduces the nerves of the core investors.” He explained that there was a period of assessment of privatised entities during which the BPE examines the conditions of listing. Okoh urged the committee to adopt a holistic approach in carrying out their assignment.

The statement also quoted Chairman of the committee, MrJalloWaziri, an Executive Director at the Nigeria Stock Exchange (NSE) as saying ” the exchange was engaging trade groups, regulators and quasi-regulators to actualise their mandate.”

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