31 May 2018

Nigeria: NSE Seeks Ways to Attract Global Capital for Nigeria's Economic Growth

The Nigerian Stock Exchange (NSE), in partnership with London Stock Exchange Group (LSEG), will host the 5th edition of the NSE-LSE Dual Listing Conference on Friday in Lagos.

"This year's conference themed, "Attracting Global Capital to Drive Nigeria's Economic Reforms and Sustainable Growth Development," will bring together companies keen to explore a London/Lagos dual listing, corporate finance experts, lawyers, capital market operators, regulators, government officials, media and thought leaders to discuss investment opportunities in Nigeria", a statement from the NSE said.

Speaking about the conference, the Chief Executive Officer, NSE, Mr. Oscar Onyema, said, "this event comes at a time when Nigeria has turned a corner from its worst recession in over two decades to have the best performing stock Exchange in Africa and third best performing globally. I have no doubt that the insightful deliberations at this conference will drive the level of engagement and idea generation that will solidify and strengthen our capital markets partnership and reinforce the drive of Federal, States and Corporates in accessing the deep pool of capital inherent in the Nigerian capital market and on the London Bourse.

"I encourage us to utilise the opportunities that exist between our exchanges to enhance capacity in our markets and promote diversity of investment products to meet the needs of a wide range of investors and issuers".

He said, "The recent dual listing of the first-ever FGN Sovereign FX denominated $1 billion Eurobond on The Nigerian Stock Exchange and London Stock Exchange gives credence to the successful partnership between the two exchanges."

Nikhil Rathi, Chief Executive Officer, London Stock Exchange Plc said, "The fifth NSE-London Stock Exchange Dual Listing Conference is a reflection of the strength of the partnership between our two exchanges and the global investment community's strong desire to be a part of the Nigeria story. As the world's most international exchange, London Stock Exchange looks forward to building on the success of existing dual listings in Nigeria and London and partnering with the NSE to showcase the rapid developments in Nigerian capital markets and the Nigerian economy."

Speakers expected at the event include NSE Council President, NSE, Abimbola Ogunbanjo; CEO, NSE, Oscar Onyema; Ag. Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk; Deputy British High Commissioner, Laure Beaufils; Director General, Debt Management Office, Patience Oniha; among others.

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