Why no one wants to be a stockbroker in Nigeria
Shares changing hands on Nigeria’s benchmark index last year fell to the lowest level since at least 2009 with brokers ‘finding it hard to make a living’
28 January 2020 - 14:19
Lagos/Abuja — Stockbrokers are out of fashion in Nigeria.
Not a single company registered to become a dealer on the country’s stock exchange in 2019, according to Nigeria’s Securities and Exchange Commission. That’s a comedown from the record 19 brokerages accredited in 2006, before upheaval in the banking industry and the global financial crisis caused domestic equities to tumble from all-time highs...
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