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NSE Lists Cross River State Bond.

Asia Africa Intelligence Wire

| November 21, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From This Day (Nigeria) - AAGM)

Byline: Jerome Ushakang

The Nigerian Stock Exchange (NSE) last week listed N4.6 billion First Cross River State Floating Rate Redeemable Ranch Development Bond on the Daily Official List. The Cross River State Bond is meant to boost tourism in the state.

Until recently, very little attention was paid to the vast potentials that existed in the tourism sector which could transform the state from its status as a civil service state to a private sector economy.

The present administration identified early the potentials of the state and determined to tap into the tourism industry and make the state a regional …

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