Association Urges Relaxation Of NSE Listing Requirements

The Vice President of National Association of Small and Medium Enterprises (NASME), Mrs Liz Okereke, on Tuesday called for relaxation of listing requirements of the Nigerian Stock Exchange (NSE).

She told newsmen in Lagos that this would enable small medium-scale enterprises to get listed on the NSE.

Okereke said that the current requirements were too high for these enterprises to meet.

She said that the sub-sector also needed special banks as microfinance banks could not meet their needs.

According to her, micro-finance banks can not lend more than one million Naira to individual customers as they do not have the capacity to do so.

Okereke said that the creation of special banks for the NASME would help to develop the sub-sector.

She said that the sub-sector could not access the current intervention fund which the government gave to manufacturing industry.

She also said that the commercial banks were not helping matters as they preferred to give short-term loans.