If proposition by the Director General of the Nigerian Stock Exchange, Prof. Ndi Okere-Onyiuke were anything to go by, then the entire equities listed on the nation’s capital market would have to undergo a revaluation as the market regulator plans an across board reconstruction.

The latest move by the Exchange was part of efforts to improve value and quality of equities quoted in the system.

According to the NSE DG, the nominal value of equities, which hitherto was put at 50 kobo each, would be adjusted to N1.00. This implies that quality of shares currently owned by individuals investors would shrink by half but with a higher value. She added that the plan, if eventually carried out would also take care of the issue of over-bloated share in issue of many quoted companies Okereke-Onyiuke buttressed the need for change by saying: there is nowhere in Nigeria at this period where kobo is being spent”

The DG said that this would be at no cost to the companies, noting that the Corporate Affairs Commission and the Securities and Exchange Commission would be carried along.

She however, noted that adequate public enlightenment campaigns would be put in place to educate investors.

Analysts who spoke on the development were of the opinion that the plan, if carried out, would boost activities in the market, noting that companies would be able to pay better dividends with reduced outstanding number of shares. They added that this would also enable quoted companies to adequately manage their shares.