The Nigerian Stock Exchange: Asia Roadshow


November 10,2014/ 4:43PM/ Press Release

Nigeria is back on track towards achieving its full economic potential. Nigerian Gross Domestic Product (GDP) at purchasing power parity (PPP) stood at $170 billion in 2000. In an interview in February 2013, the Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, said ‘with the Nigerian economy growing at an average of seven per cent annually, the planned rebasing of the GDP by the National Bureau of Statistics (NBS) is expected to increase the country’s GDP to $600 billion by 2016.

 It is the dawn of a new era.  Invest in Africa’s largest economy; invest in one of the fastest growing stock exchanges in the World, Invest in the NIGERIAN STOCK EXCHAGE.

The Nigerian Stock Exchange in strategic partnership with A&O Acquisitions and African Markets Development Partners (AMDP) invite you to join us in Singapore, Hong Kong and Beijing between the 1st of December, 2014 till 5th of December 2014 at the Nigerian Stock Exchange Asia Roadshow 2014 which will engage Mr Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange and a host of speakers including over 400 global investors at various venues across the jurisdiction.

About Forum:

This exclusive forum will bring together forward-thinking African focussed investors to discuss ways to strategically position themselves, develop partners and expand into Nigeria in order to grow and gain competitive edge in the region's high growth market in 2014.

Also, the meeting will explore the role of governance in facilitating trade and investment for businesses, and aim to promote business partnerships with key insights on successful business in Nigeria.

A&O Acquisitions and African Markets Development Partners (AMDP) and their various partners have assembled key stakeholders including business leaders and industry experts, government officials and associations, as well as the press to share their experiences, vision, success stories and best practice in order to attract investment into the Nigerian Stock Exchange.

2013 Market Review Summary:

End of year 2013 equity market capitalization surpassed the market cap at the peak of the market in 2008 (N13.23 trillion vs. N12.62 trillion).

The capitalization of listed equities grew by 47.33% (44.03% in $-terms) from N8.98 trillion ($57.49 billion) to N13.23 trillion ($82.80 billion); the NSE All Share Index (ASI) gained 47.19%; and average daily turnover for equities was N4.17 billion ($26.10 million), up 57.36% (53.83% in $-terms).

The Nigerian Stock Exchange (NSE) closed the year with two (2) new equity listings on the Main Board, while the Bond Market recorded 19 new listings with a slight uptick in the value of new issues

The NSE successfully launched its new trading platform X-Gen, which supports trading of cash equities, bonds, and ETFs), and the first-ever issuer reporting portal in Nigeria, X-Issuer. The bourse also re-launched its Alternative Securities Market (ASeM) for small and medium companies, and introduced a new market structure for trading equities, along with fixed-income market making.



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