By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Monday said is seeking two (2) financial advisers (one International and one Nigerian) to undertake the assignment of advising it through the process of demutualisation.

The NSE in a circular said it’s seeking invitation for Expressions of Interest (EOIs) for Financial Advisory Services towards its demutualisation.

According to the Nigeria’s exchange, in furtherance of the efforts to commence its demutualisation, the National Council of the NSE has given approval to engage the services of a consortium of two Financial Advisers (one International and one Nigerian) to undertake the assignment of advising it through the process.

‘’The National Council of the NSE is hereby inviting Financial Advisory firms to express interest in receiving the Request for Proposal (RFP) to act as primary advisers in the demutualisation of the NSE. The RFP will only be sent to parties that express their interest as a consortium of one international and one Nigerian Investment Bank, and where at least one party of the consortium has successfully participated in the demutualisation of a securities exchange as lead adviser,’’ the circular said.

The NSE said the EOI should be delivered in a sealed envelope to office of the chief executive officer (CEO) at the Nigeria’s exchange by 4:00pm West African Time (WAT) on March 31, 2014.