Nigerian Bourse and its London Counterpart Renew Agreement

Photo 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, NSE Executive Director, Capital Markets Division, 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 today.

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) are pleased to announce the renewal of their strategic capital markets partnership agreement at the NSE office in Lagos today. The renewal extends the original 2 year partnership agreement between the NSE and LSEG, allowing the two Exchanges to build on the progress achieved to date.

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.

Haruna Jalo-Waziri, 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.”