Wednesday, July 17, 2019 / 12.30PM
/ Bukola Akinyele for Proshare WebTV
The Divisional Head, Trading Business of the Nigerian Stock Exchange Mr. Jude Chiemeka in a recent interview with Proshare WebTV, gave insight into how the NSE is attracting more significant listings to the market.
He noted that the Exchange was committed to deepening the capital market, even as it is working with the Federal Government to streamline the process for listing privatized state-owned enterprises (SOEs).
Chiemeka also noted that the NSE was working with other private companies that are yet to be listed to ensure that they come into the stock market.
The NSE Head of Trading Business stated that the X-Academy of the NSE is committed to training and building capacity for listed companies. But beyond that, the Exchange is also helping companies that are hoping to list to get the right training to keep their books and also train their directors as to the rules and how to efficiently provide good corporate governance.
On the retail space, he added that the NSE is working closely with stakeholders in the market like shareholders association, the chartered institute of stockbrokers and the association of securities dealers to carry out investor education, that will attract more retail investors.
Speaking further the Divisional Head, Trading Business, NSE said the exchange was attracting the retail investors that are excluded from the market, even with the commitment of the government to help in actualizing the 20% exclusion rate from the banking sector in Nigeria by 2020 from the current 48%.
He was of the view that this period was a very good time for investors to begin to look at the markets both from the issuance side and also from the people who are looking to invest.
“There is no better time to invest in the market than now; the market is cheaper than other frontier markets as we know and what we see is that with time as the new government appoints its cabinet and begins to bring out policies and create clarity, we expect the market to recover sharply” Chiemeka said.
He called on investors to begin to look at the markets a lot more closely in order not to miss out on hidden value opportunities.
So far in 2019 the following Companies have listed on the Nigerian stock exchange; SAHCO (Aviation), MTN Nigeria Plc (Telecommunications) and Airtel Africa Plc (Telecommunications).