Aduragbemi Omiyale
By Aduragbemi Omiyale
President Bola Tinubu will on Wednesday, September 20, 2023, ring the closing bell of the NASDAQ in New York, United States.
He will get the honour of closing trading activities on the American stock exchange as part of proceedings at the Executive Business Dialogue organised by the United States Chamber of Commerce (USCoC), the Nigerian Exchange (NGX) Group Plc, and the Nigerian Investment Promotion Council (NIPC).
Mr Tinubu will be in the US for the United Nations General Assembly (UNGA) with some government organisations, including the NIPC, which is organising a series of events in the non-deal roadshow to support the administration’s efforts to reignite renewed foreign capital interest in the Nigerian economy, thereby positioning the country for sustainable growth.
The NGX Group, which is part of the organisers, explained that the non-deal roadshow would help to foster dialogue, strengthen economic ties, and enhance collaboration.
It is part of its drive to support FG’s agenda to elicit the interest of foreign investors in the Nigerian economy. The goal is to display the robustness of the capital market and leverage the pace of reforms by the new administration of President Tinubu, enabling foreign investors to recognize the value created by the changing landscape.
NGX Group is also looking to attract more listings by engaging prospective companies and spotlighting them in front of international investors.
It will spotlight NGX, the pipeline of listings and bluechip market operators. This window presents a unique opportunity to reignite the interest of foreign capital in our country, create vital partnerships, and promote increased deal flow into the capital markets, Stanbic IBTC Capital, CardinalStone Partners, and Chapel Hill Denham are sponsors for the Roadshow, which will feature prominent private companies like Lagos Free Zone Company, Niger Delta Exploration and Production (NDEP), Flutterwave and VFD Group.
Other events scheduled between September 20 and 25 by NGX Group include the Non-Deal Roadshow in New York and London, organized in collaboration with the Debt Management Office to be headlined by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; and a tech event themed Invest in Africa’s Future planned with the Ministry of Communications, Innovation and Digital Economy, and Future Africa. It will be headlined by Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy.
The tech event will, among other objectives, explore how the newly created NGX Technology Board can support capital formation in the technology industry and provide an opportunity for US institutional investors interested in investing in Africa to meet with prominent African venture capital firms and tech founders.
