Nigeria bourse lauds global recognition

Nigeria Stock Exchange

Nigeria Stock Exchange

from OKORO CHINEDU in Lagos, Nigeria
LAGOS – OFFICIALS from the Nigeria Stock Exchange (NSE) hailed the bourse’s admission as a full member in the World Federation of Exchanges (WFE), the trade association for the operators of regulated financial exchanges.

It was announced on Tuesday NSE had been elected as a Federation member during the 54th General Assembly and Annual Meeting of the WFE held in Korea, becoming the third African stock exchange to be granted full
membership status.

“This is indeed a wonderful achievement. It sets the tone for the
upcoming Asia tour the Nigerian Stock Exchange will kick-off in early
December this year, to introduce our market to Asian fund managers with
frontier and emerging market investment strategies,” said Yvonne Emordi,
Head of Strategy at the NSE.

The five-day tour alluded to would begin in Singapore on December 1.

Oscar Onyema, Chief Executive Officer of NSE said the exchange was proud
it had been granted full WEF membership status.

“This is a positive step towards our integration with global financial
markets and exchanges.

“We put in a lot of hard work, and we have cultivated excellence in our day-to-day operations, which has earned us this recognition amongst our peers in this notable trade association,” he said.

He said WFE membership was an important reference for many international investors.

“This membership status reflects the exchange’s commitment to implementing
the highest standards of international best practices.

“Our ambition is to become the foremost Stock Exchange in Africa, and today is an important step in that journey,” he added.

– CAJ News






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Posted by on Oct 29 2014. Filed under Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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