The Nigerian Stock Exchange has embarked on a roadshow to Asia in its quest to attract more foreign investors to the Nigerian capital market.
According to the Exchange, the roadshow, which will take place from Monday to Friday, December 5, involves a high-level investment delegation – comprising listed companies, market operators and top Nigerian government officials.
It explained in a statement by its Head, Corporate Communications, Mrs. NwandoAjene, and Media Relations Officer, Mr. Joseph Kadiri, that the delegation would visit Singapore, Hong Kong and Beijing with the objectives of developing partnerships and improving deal flow into the Nigerian capital market.
The statement quoted the Chief Executive Officer, NSE, Mr. Oscar Onyema, as saying that the roadshow was part of the Exchange’s drive to increase participation by Asian investors in the Nigerian capital market.
He said, “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.”
The NSE explained that the roadshow, with the theme, ‘Investing on the Nigerian Stock Exchange: Investing, partnerships and governance,’ would 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,” it said.
While commenting on the programme, the Executive Director, Business Development, NSE, Mr. Haruna Jalo-Waziri, described Asia as dynamic, adding that the Exchange was delighted to tell its story in the region.
He said, “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.”
Over the last five years, stakeholders have lamented the lack of depth and low level of participation in the Nigerian capital market. Consequently, there have been a number of campaigns to encourage