LMC Targets October to List Nigerian Clubs on NSE

By Modupe Gbadeyanka

Chairman of the League Management Company (LMC), Mr Shehu Dikko, has disclosed that his organisation was targeting between September and October 2017 to list Nigerian clubs on the Nigeria Stock Exchange (NSE).

Speaking on Wednesday in Abuja, Mr Dikko pointed out that at the moment, some companies have applied to be part of the exercise.

At the 2nd Annual General Meeting (AGM) of the LMC held in Enugu on December 11, 2016, eight clubs were unanimously approved for the listing.

They are Wikki Tourists, Gombe United, Shooting Stars Sports Club (3SC), MFM FC, Rangers International, Enyimba International, Kano Pillars and El-Kanemi Warriors.

The LMC organises the Nigeria Professional Football League.

The selected clubs have been mandated to submit a letter of consent from their respective owners as a basic requirement to start the process.

The advisers to be appointed would work with the clubs and their owners to prepare the required documentation and structure for the listing of the clubs as well as to manage the process on their behalf.

“We have done the advertisement for the advisers and all the big companies in Nigeria have applied to be part of the process. This shows that people are taking this our football more seriously than even what we think.

“Very soon we are going to unveil them, maybe next week; and then they will start working. Our target is September/October,” Mr Dikko siad.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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