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FREE FLOAT, DELISTINGS: NSE may review free float rule, maintain liberal delisting rule

FOLLOWING the increase in the flouting of free float rule by quoted companies, the Nigerian Stock Exchange, NSE, is considering reviewing the rules to ensure that companies comply with the post listing requirement and avoid being delisted from the Exchange. Free float rule stipulates the minimum number of shares required by promoters of public companies listed on the NSE to be released to the investing public for trading at the stock market.

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