The Nigerian Security Exchange (NSE) is poised to consolidate its remarkable achievements in the last three years, going by the words of the immediate past president, Mr.Oba Otudeko.
Otudeko is already galvanising the support of stakeholders for his successor and fellow industrialist, Alhaji Aliko Dangote, as he settled down in office. He noted, on Monday in Lagos that the smooth and peaceful transition from him to Dangote, barely 48 hours after the Annual General Meeting of the Stock Exchange, confirmed that the “Exchange enjoyed a robust system of governance, which engendered its smooth running and is positive for confidence, trust and integrity, which are the basic tenets of all efficient markets.”
He urged all stakeholders and Nigerians to support and cooperate with Dangote, the new president and chairman of council and the management of the NSE, because, “we all have a collective responsibility to build confidence and promote market stability.”
Taking a retrospective of his tenure, Otudeko, said he was able to leave behind a vibrant, peaceful and stable capital market, in spite of the spiralling effects of the global meltdown on economies around the world.