PenCom to Encourage Local Companies in Global Markets

The National Pension Commission has disclosed that as part of efforts meant at developing pension funds, it is devoted to promoting dual listing and showcasing the potential of quoted companies on the Nigerian Stock Exchange to global markets.
The Director-General, PenCom, Mrs. Chinelo Anohu-Amazu, said this recently while making a presentation at an investors’ road show organised by the NSE and the London Stock Exchange Group.
 “PenCom has persistently pursued strategic reform for the pension industry in Nigeria and with the Pension Reform Act, 2014, challenges of accessing long-term financing for infrastructural development of the country is significantly reduced,” she stated.
Anohu-Amazu said the commission had obstinately pursued strategic alliances aimed at shoring up Foreign Direct Investment as part of a team made up of regulators, lawyers, corporate finance experts, capital market operators and companies led by the Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema.
According to the report, Onyema stated that it was an opportunity for commitment between the United Kingdom and the Nigerian capital markets with a view to deepening domestic and regional markets; enhancing liquidity and identifying institutional and capacity building initiatives needed to develop both markets and build long-term value for respective stakeholders.