Why Nigerian Oil Firms, Telcom Companies Should be Listed on NSE – Tony Elumelu

Tony Elumelu

Nigerian business mogul, Tony Elumelu, has advocated for the listing of oil and telecom firms on the Nigeria stock exchange.

‘’National oil companies and Telecom companies has not yet been quoted or listed in the Nigerian Capital Market, so, our people do not have access to invest in these sectors, my advice is that it is important that these two sectors are listed, so that you create all round interest and the prosperity shared by the majority.” the Chairman of Heirs Holdings said.

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He said government should use incentives like tax holidays ease capital remittance, reduction of transmission costs to encourage them to list in the Nigerian Capital Market.

He spoke during a stakeholders’ forum on “Realising the full potentials of the Nigerian economy through proactive capital market legislation.”


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