Tinubu takes search for foreign capital to NASDAQ

…as NGX Group partners US Chamber of Commerce, NIPC

President Bola Ahmed Tinubu will ring the closing bell of NASDAQ in New York, United States as part of proceedings at the Executive Business Dialogue organised by United States Chamber of Commerce, Nigerian Exchange Group Plc (NGX Group) and Nigerian Investment Promotion Council (NIPC).

Scheduled for September 20, 2023, the dialogue is part of a series of events in the Non-Deal Roadshow planned by NGX Group to support the new administration’s efforts in reigniting renewed foreign capital interest in the Nigerian economy, thereby positioning the country for sustainable growth.

According to NGX Group, the Non-Deal Roadshow would help to foster dialogue, strengthen economic ties, and enhance collaboration.

The Roadshow is part of the Group’s drive to support FG’s agenda to elicit 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 recognize the value created by the changing landscape.

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NGX Group is also looking to attract 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, 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 organised in collaboration with Debt Management Office to be headlined by the Minister of Finance and Coordinating Minister of the Economy, 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 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.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.