NSE Showcases Nigeria to Asian Investment Community​

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Monday, December 1, 2014 9.07AM/NSE

 

As part of efforts aimed at enhancing foreign investors' participation in the Nigerian capital market, The Nigerian Stock Exchange has concluded arrangements to embark on a roadshow to Asia from December 1 - 5, 2014. The high level investment delegation, comprising listed companies, market operators and top Nigerian government officials will visit Singapore, Hong Kong and Beijing with the objective of developing partnerships and improving deal flow into the Nigerian capital market.

 

The CEO of The Nigerian Stock Exchange, Mr. Oscar N. Onyema, OON, explained that the roadshow is part of the NSE's drive to increase participation by Asian investors in the Nigerian capital market. "The event will highlight the robustness of our capital market as well as showcase The Exchange and its listed companies and market operators. In each destination, participants will have the opportunity to interact with the major institutional investors and fund managers, and explore business opportunities," he said.

 

The roadshow themed "Investing on The Nigerian Stock Exchange: Investing, Partnerships & Governance", will bring together African focused investors and fund managers to discuss ways to strategically position themselves, develop partnerships and expand into Nigeria in order to grow and gain competitive edge in the region's high growth market. Additionally, the meeting will explore the role of governance in facilitating trade and investment for businesses, and share insights on doing business successfully in Nigeria.

 

Executive Director, Business Development at The NSE, Mr. Haruna Jalo-Waziri, said "we are delighted to tell our story to this dynamic region. We are all familiar with major Asian direct investment into Nigeria, but our initial engagement with the Asian market also indicates considerable appetite for portfolio investment into our capital market, and we look forward to meeting their major financial institutions and corporates face to face".

 

Mr. Jalo-Waziri further remarked that there is still widespread unawareness of Nigeria's potential. "The first challenge is to confront and overcome the perceptions that exist in the minds of some people outside Nigeria. Asia has a considerable pool of investible funds looking for attractive opportunities and we need to inform their investors of the opportunities available in  the Nigerian stock market."

 

Some of the confirmed speakers include:  Ambassador Bashir Yuguda, Honorable Minister of State for Finance; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange; Henry Semenitari, CEO Unity Bank; and Wale Tinubu, Group CEO of Oando.

 

The NSE Asia Roadshow is sponsored by:

Access Bank

Afrinvest

CSL Stockbrokers

Cardinal Stone Securities

Caverton Offshore Support group

Central Securities Clearing System

Chapel Hill Denham

Dangote Cement

Elixir Investments

FBN Capital

FBN Holdings

Fidelity Bank

Lafarge Africa

Oando

Unity Bank

The Nigerian Stock Exchange also acknowledges the considerable support provided by the Ministry of Foreign Affairs, The Nigerian High Commission in Singapore, The Nigerian Consulate General in Hong Kong, and the Nigerian Embassy in Beijing.

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