NGX plans dollar asset listings to ease FX woes for firms

Nigeria’s stock exchange proposes allowing companies to list bonds denominated in dollars on the bourse, potentially expanding this later to stocks too, with the aim of easing their difficulty in accessing hard currency in Africa’s biggest economy.

Nigerian Exchange Ltd. is targeting the initiative at companies operating from the country’s special economic free trade zones and those earning foreign currency, according to Chief Executive Officer Temi Popoola.