LAGOS, JULY 8, 2016 – Yakubu Dogara, speaker, house of representatives, will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos.
Turaki Hassan, the speaker’s special adviser on media and public affairs, said Dogara would ring the bell to close activities on the floor of the exchange by 2pm.
“The speaker was invited to NSE in recognition of his contribution and that of the house of representatives in deepening the market through quality legislation,” Hassan said.
In June, Dogara said the house might pass laws that would compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list on NSE.
He said companies in the sectors must be listed on the capital market to deepen the market, make funds available for investors and create employment.
The speaker also called for severe sanctions against fraudulent stock market players as part of measures to strengthen the market and guarantee the safety of investors’ funds.
He promised that the assembly would contribute its quota to check the drift in the sector.