Stakeholders are hopeful that President Bola Tinubu, honouring the United States Chamber of Commerce invitation to ring the closing bell on Wednesday would boost investment.
Indeed, Nigeria is hopeful that President Bola Tinubu’s ringing of the closing bell at NASDAQ, could boost inflows of foreign investments into Nigeria.
The bell ringing was made known by Nigerian Exchange Group (NGX Group) Plc.
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The United States Chamber of Commerce said it invited Tinubu to ring the closing bell at the NASDAQ. It will take place on Wednesday, September 20.
More so, the bell-ringing ceremony will take place on the sidelines of Tinubu’s participation at the 78th session of the United Nations General Assembly (UNGA).
NGX Set To Showcase It’s Potential
NASDAQ is the most active stock trading exchange in the US by volume.
Also, it is ranked second behind the New York Stock Exchange (NYSE) on market capitalisation.
According to the NGX Group, it was partnering with major stakeholders and other capital market to showcase the potential value in the Nigerian capital market.
The NGX has planned non-deal roadshow alongside the NASDAQ’s bell ringing.
Basically, the roadshow is aimed at attracting more listings by engaging prospect companies and spotlighting them in front of international investors.
“It will spotlight NGX, pipeline of listings and bluechip market operators.
“This window presents a unique opportunity to reignite the interest of foreign capital in our country. Also, it will create vital partnerships, and promote increased deal flow into the capital markets,” the NGX stated.
Other sponsors of the roadshow are Stanbic IBTC Capital, CardinalStone Partners and Chapel Hill Denham.
Lagos Free Zone Company, Flutterwave and VFD Group are also part of the sponsors.
According to the NGX, the roadshow was planned to support Tinubu administration’s efforts in reigniting renewed foreign capital interest in the Nigerian economy.
It is hopeful it will positioning Nigeria for sustainable growth.
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“The non-deal roadshow would help to foster dialogue, strengthen economic ties, and enhance collaboration.”
