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Nigeria Seeks Regional-Hub Status With Depositary Receipts - BLOOMBERG

OCTOBER 22, 2026

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Nigeria plans to introduce an African depositary-receipt framework to encourage more cross-border listings and attract companies and investors from elsewhere on the continent to its capital markets.

The initiative is part of a broader strategy by the Securities and Exchange Commission to triple the size of the capital market to 750 trillion naira ($562 billion) over the next decade.

MARKET NEWS

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