By the way this list excludes Banks. I hope to review modalities for this loans once I get details. However, I do not like margin loans because of the systemic risk in can cause despite its obvious good intentions. It has its advantages but to creating a debt driven bridge between demand and supply is not always the solution to sustaining market lulls. Here is the story including the list I culled from Thisday
In move to forestall a recurrence of the 2008 stock market downturn, the Securities and Exchange Commission (SEC) Thursday unveiled 32 securities that can be used as collateral for margin loans.
Realising that unsupervised use of margins to fund investment in listed equities contributed to the share price crash in 2008, the SEC and Central Bank of Nigeria (CBN) introduced a set of rules to regulate margin lending going forward.
Unveiling the list of securities that can be used for margin loan facilities, SEC said the list is not an investment recommendation but rather a guide to those who wish to engage in margin activities.
The approved 32 securities include: Ashaka Cement Plc, Cadbury Nigeria Plc, Conoil Nigeria Plc, Custodian and Allied Insurance Plc, Dangote Cement Plc, Dangote Flour Mills Plc, Dangote Sugar Refinery Plc, Fidson Healthcare Plc, Flour Mills Nigeria Plc, Glaxo Smithkline Consumer Plc, Guinness Nigeria Plc, Honeywell Flour Mill Plc, International Breweries Plc, Julius Berger Plc.
Others are: Lafarge Cement WAPCO Nigeria Plc, Livestock Feeds Plc, Mansard Insurance Plc; Mobil Oil Nigeria Plc, National Salt Company Nigeria Plc, Nestle Nigeria Plc, Nigerian Aviation Handling Plc; Nigerian Breweries Plc, Oando Plc, Okomu Oil Palm Plc, P Z Cussons Nigeria Plc, Presco Plc, Seven-up Bottling Company Plc, Total Nigeria Plc, Trans National Corporation Plc, UACN Property Development Plc, Unilever Nigeria Plc, and UAC of Nigeria Plc
![TNS Event](https://i.ibb.co/8cBH227/thumbnail-TNS-GOOGLE-RESIZE-300x250.jpg")
a strategy to boost the market and achieve the 2016 market cap goal. Thank God the banks are not enlisted.i know what it may cause.
As in, Thank God oh. This is just a recipe for disaster. Why not encourage companies like MTN, Globacom and even NNPC to list