NSE, London Stock Exchange renew capital market agreement

28 Apr 2017
Financial Nigeria

Summary

The NSE/LESG capital markets partnership agreement seeks to strengthen cooperation and promote mutual development between the two exchanges.

Oscar Onyema, Chief Executive Office, Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) have announced that they have renewed their strategic capital markets partnership agreement. The agreement, signed at the NSE office in Lagos today, extends their original two-year partnership agreement, which supports companies seeking dual listings in both London and Lagos.

“The NSE is delighted to renew this agreement with LSEG, as it reflects a successful partnership story,” said Haruna Jalo-Waziri, the NSE’s Executive Director, Capital Markets. “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.”

First signed in November 2014, the NSE/LESG capital markets partnership agreement seeks to strengthen cooperation and promote mutual development between the two exchanges. Since the partnership began, the bourses have held three hugely successful NSE/LSEG Dual Listings Conferences aimed at providing global visibility and access to deepen capital pools for companies and issuers from both markets.

“London Stock Exchange Group is proud of our continued partnership with Nigeria and Lagos. This new agreement cements the relationship between our two exchanges,” said Ibukun Adebayo, Co-head, Emerging Market Strategy, LSEG. “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.”


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