NSE expels 38 stockbroking firms

The Nigerian Stock Exchange (NSE) has expelled 38 stockbroking firms from the capital market.

Regulatory documents obtained by The Nation at the weekend indicated that the stockbroking firms were expelled in two batches within the past six months. The latest expulsion brought the number of stockbroking firms expelled over the past two and half years to more than 120.

The expulsion of the…

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