NSE Signs MoU With London Stock Exchange
Metro

NSE Signs MoU With London Stock Exchange

Fola Akintomide

As the world market becomes more volatile, Nigeria continues to attract the interest of foreign investors as the Nigerian Stock Exchange according to Vanguard has signed an MoU with the London Stock Exchange.

Excerpt:

Shortly after an MOU was signed by the London Stock Exchange Group and Nigerian Stock Exchange (NSE), Sir Roger Gifford, former Lord Mayor of London and Co-Chairman of the UK Government’s Nigeria Emerging Capital Markets Task Force led a team of high profile delegates who visited Aigboje Aig-Imoukhuede, president Nigerian Stock Exchange (NSE).

Gifford said: “Nigeria is probably the most exciting opportunity for capital markets development in the world. We in London have seen clearly how an effective, transparent and well-governed capital market –for bonds as well as stocks –can transform a country’s fortunes for the better, reducing dependence on bank capital and making investmentsecurities available to a much broader range of individuals and institutions. I am greatly looking forward to being part of this project,”

Mike Purves, UK Acting Deputy High Commissioner/Director Trade & Investment, said, “This is the start of the conversation that we want.We are delighted to have Aig-Imoukhuede on board to lead the Nigerian Stock Exchange. This is not a talking show but to get real deliverables and kick-off evidenced in the agreement we signed with the Nigerian Stock Exchange (NSE).”

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