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NSE, LSEG renew Capital Market agreement

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NSE, LSEG renew Capital Market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday signed a renewed strategic capital markets partnership agreement in Lagos.

The renewal will extend the original two years partnership agreement between the two markets, allowing the two Exchanges to build on the progress achieved to date.

In the statement, “First signed in November 2014, the capital markets partnership agreement seeks to strengthen cooperation and promote mutual development between the two exchanges.

“The agreement supports companies seeking dual listings in London and Lagos. Since entering into this partnership, the two exchanges have held three hugely successful NSE/LSEG Dual Listings Conferences aimed at providing global visibility and access to deep capital pools for companies and issuers from both markets.”

The Executive Director, Capital Markets – NSE, said “The NSE is delighted to renew this agreement with

LSEG, as it reflects a successful partnership story. Our collaboration with London Stock Exchange is deliberate and strategic. It is geared at encouraging seamless cross-border access between our markets to ultimately develop larger capital markets that enable capital formation for businesses and governments; create deeper liquidity pools and greater competitiveness for investors; as well as enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers”.

Also commenting on the development, Ibukun Adebayo, Co-head, Emerging Market Strategy, LSEG said “London Stock Exchange Group is proud of our continued partnership with Nigeria and Lagos. This new agreement cements the relationship between our two exchanges. It also demonstrates our commitment to encouraging further dual listings in Lagos and London, and promoting the developments of the Nigerian capital markets infrastructure on a global stage.”

L – R: Femi Onifade, Head, International Primary Market, The Nigerian Stock Exchange (NSE); Pai Gamde, Acting Head, Corporate Services Division, NSE; Ibukun Adebayo, Co-Head, Emerging Markets Strategy, London Stock Exchange Group, representing LSEG; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE) representing NSE; Mojisola Adeola, Company Secretary, NSE and Nirmal Nandwani, International Markets Associate, LSEG at the NSE & LSEG renewed Capital Markets Partnership for Growth at the NSE on Thursday.

Biodun Abimbola

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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