The Nigerian Stock Exchange’s (The Exchange) attention was drawn to some erroneous news reports in some of today’s newspapers regarding the meeting between The Exchange and Chief Executive Officers of dealing member firms yesterday morning.
The Exchange wishes to state that it has Not directed Brokers to move their accounts from the three nationalized banks (AfriBank Plc, Bank PHB Plc, Spring Bank Plc), and to clarify that the new banks that have assumed their assets and liabilities (Keystone Bank, Mainstreet Bank, and Enterprise Bank) continue to settle capital markets related transactions. The Exchange urges the public to disregard the story in its entirety.
The Exchange believes that the actions taken by the CBN, NDIC and AMCON should bring closure to the banking crisis and help to stabilize the Nigerian Financial Markets in due course.
For further information or clarification, please contact:
Wole Tokede
Corporate Communications
Nigerian Stock Exchange
Stock Exchange House
2/4 Customs Street
Marina, Lagos.
