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Nigerian exchange wins approval for public listing

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its shares.

The exchange began changing its ownership structure from a mutual company of stockbrokers in 2017, adding new shareholders in a process known as “demutualisation”.

Reporting by Alexis Akwagyiram; writing by Chijioke Ohuocha; editing by Jason Neely

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