NSE, LSE Dual Listing To Boost Capital Formation, Liquidity

The Nigerian Stock Exchange (NSE) has announced that the dual listing between NSE and London Stock Exchange (LSE) would facilitate seamless cross-border access for the nation’s capital market to ultimately drive deeper markets that enable capital formation for businesses by creating larger liquidity pools and greater competitiveness for Nigerian investors.

Addressing participants during the second NSE/LSE conference held in Lagos yesterday, the chief executive officer of the NSE, Mr. Oscar Onyema, said, “This synergy would enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers.”

Onyema explained that as government grapples with the task of articulating a clear economic blue print for the short to midterm within which credible fiscal and monetary policies can emerge, the need to leverage and embrace the globalisation of economies and financial markets becomes clearer.

According to him, in order to position the nation’s  capital market as the sustainable financial center
in West Africa, and for Africa, there was need to facilitate the drive for wealth creation for Nigeria, while providing the platform to which global savings can be channelled.

Source: Leadership