Jan – The Federal Government abrogated the Exchange Control Act 1962 and the Nigerian Enterprises Promotion Decree 1989, effectively internationalizing the Nigerian capital market.
Jul – The Federal Government promulgated the Nigerian Investment Promotion Commission Decree No. 16 and the Foreign Exchange (Monitoring & Miscellaneous Provisions Decree No. 17, in furtherance of the opening of the Nigerian capital market to the international community.
Sep – The Nigerian Stock Exchange issued Administrative Guidelines for Foreign Investment Through The Nigerian Stock Market.
Nov – Inauguration of the Board of Trustees of the Investors’ Protection Fund for the Nigerian Stock Market