Nigerian Exchange To Install NASDAQ Platform

The Nigerian Stock Exchange will install a trading platform from NASDAQ OMX.

The Nigerian Stock Exchange will install a trading platform from NASDAQ OMX, Financial Times reports. It will also roll out equity options as it prepares for demutualization and a possible listing, valuing it at $2 billion.

The exchange has received approval to appoint 60 additional employees to help it create new products and diversify beyond reliance on share trading. In April, the exchange appointed a new CEO Oscar Onyema from NYSE Euronext.

Click here for the story from Financial Times.