BY PETER EGWUATU & NKIRUKA NNOROM

LAGOS—The Nigerian Stock Exchange, NSE, and other exchanges in West Africa have concluded plans to commence the first phase of integrating capital market operations beginning in March 2014.
The Chief Executive Officer, NSE, Mr. Oscar Onyema, disclosed this yesterday during a press briefing on the stock market activities for 2013 and outlook for 2014.

He said “We initially have the thought of integrating the capital market operations in West Africa in 2015, but this involve a lot of work and so we decided to have it on phase levels.  The integration will occur in three phases, with the first phase (the Sponsored Access Phase) slated for March 2014, which will accommodate trading among West African Capital Markets Integration, WACMI, members via sponsored access.  The second phase will be in 2015 after seeing the effect of the first phase and we can then conclude thereafter for full implementation.”