Investing and Global Finance News

Nigeria and Capital Markets

For the economy in Nigeria to grow and flourish, capital markets are “critical.”  According to Nigerian Stock Exchange CEO Oscar Onyema – in his recent address to the 5th Lagos and London Capital Markets in Partnership Conference – for growth to really happen, Nigeria needs a “solid and vibrant capital market ecosystem that will attract investment and unlock the potential that exists in the economy.”

Apparently though, Nigeria is already becoming an attractive option for international investors.  Being Africa’s “largest economy” according to Iheanyi Nwachukwu “has the potential for a larger capital market that offers better returns for any prospective investor now and in future.”  This sentiment was supported by Head of Primary Markets, Middle East, Africa and India, Gokul Mani who pointed out that:

“Nigeria still offers huge opportunities for investors. Africa and indeed Nigeria are very high focus regions for London Stock Exchange Group (LSEG),”

The NSE and LSE Dual Listing Conference – held earlier this month – was organized in an attempt to enhance and advance relations between the UK and Nigeria.  As the situation currently stands, Britain – according to Laure Beaufils, British Deputy High Commissioner, British High Commission – is 100% in favor of supporting “investment, finance, and inclusive growth in Nigeria. One out of every five companies listed on FTSE 100 Index has business presence in Nigeria.”



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