The chief executive officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has averred that the United Kingdom remains a key partner to Nigeria, particularly for its capital market development. Onyema stated this at the business networking event hosted by the British High Commission and headlined by Theresa May, the Prime Minister of Great Britain. According to Onyema, both countries have a long history of trade and collaboration which is evident in various aspects of our socio-economic sectors. He said: “As you know, the Nigerian Stock Exchange has a capital market agreement with the London Stock Exchange aimed at promoting seamless cross-border access between Lagos and London 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.”On the significance of the visit by the UK Prime Minister, Onyema stated that “the capital market is a major barometer of any economy. It was therefore not surprising that Prime Minister May allotted some time from her schedule to meet with capital market operators. The networking event has also in attendance some UK companies that might be interested in our market. The visit was positive and a good recognition for the Nigerian capital market”.
Onyema further opined that as the world is preparing for the fourth industrial revolution, the Nigerian capital market must ready itself to compete globally.
He said “the capital market like many sectors is being impacted by technology. The World Bank has just issued bond-i its first blockchain operated bond and we have seen the growth of cryptocurrencies amongst innovations.
“On our part at the Exchange, we have deployed Artificial Intelligence to monitor activities in our market. This has even become imperative as we look set to demutualize and introduce more sophisticated products such as derivatives.”
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]
NEWS16 hours ago
11 APC Aspirants Jostle For Governorship, 7 For Senate In Nasarawa
OPINION15 hours ago
The Multiple ‘Sins’ Of Governor Yari
POLITICS19 hours ago
APC Queries BoT Member For Attending PDP Rally
OPINION18 hours ago
2019: Tambuwal Hanging Tough
NEWS3 hours ago
Osun Rerun: Saraki Visits Omisore, Seeks Support For PDP
COVER STORIES21 hours ago
PDP, APC Knock INEC Over Inconclusive Osun Guber Poll
NEWS19 hours ago
PDP NASS Aspirants Protest Imposition In Ekiti
BASKETBALL5 hours ago
FIBA Women’s World Cup: D’Tigress Stun Turkey To Make Basketball History