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 its Chief Executive Officer Temi Popoola.
“Our primary objective is to enable these companies to issue bonds denominated in dollars and eventually offer equity in dollars as well,” he said in an interview with Bloomberg.
