Jun 5, 2011

Nigerian Stock Exchange WTF

Over the weekend I came across an article about Nigerian Stock Exchange introducing options and futures trading. While trying to find out more information I saw the following quote on the Exchange's website:

"Integrity is the watchword of The Stock Exchange. Market operators subscribe to the code “Our word is our bond”. Thus, public trust in the Nigerian stock market has grown tremendously ...  The Stock Exchange’s 39-year history is devoid of any fraud, shocks, scandals or insider dealings."

ORLY?

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