Why are more companies not listed on the Nigerian Stock exchange?

Pz Cussons Nigeria, the Nigerian subsidiary of the UK-based consumer products company Pz Cussons recently announced the proposed sale of it’s Nigerian dairy business to FrieslandCampina WAMCO Nigeria Plc. FreislandCampina WAMCO is a subsidiary of Royal FreislandCampina, a Dutch Multinational dairy co-operative which is the largest dairy co-operative in the World. Popular brands of FreislandCampina WAMCO in Nigeria include the popular Peak milk and Three Crowns. Pz Cussons is among several multinationals in Nigeria that are listed on the…