AACN leads foreign investors to opportunities in Nigerian markets

As part of its efforts in promoting the image of the country, the Association of Assets Custodians of Nigeria (AACN) has showcased various opportunities in the Nigerian market to foreign investors.

Foreign investors who gathered at the AACN conference London expressed confidence in the Nigerian market following the successful transition to a new government.

 The organization held its fourth annual investor conference with the theme – Nigeria: Navigating changes, Extracting opportunities recently in London.

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, represented by the Director of Reserve Management, Lamido Yuguda, opened the event with the keynote address.

In a statement signed by Solomon Ikeanyi, AACN publicity secretary, the event was attended by a wide segment of international investors, global custodians and traders across Europe. The general feedback was that Nigeria offers a unique and worthy example to other markets in its initiative to ‎put Nigerian regulators and market participants in the same room as international investors, traders and custodians in London and discusses the market in an open, transparent and welcoming manner on an annual basis.

The conference provided in-depth informative and exploratory sessions, aligned to the theme of the event, through presentations from the ED, Market Operations and Technology, Nigerian Stock Exchange (NSE), Adeolu Bajomo, the MD/CEO of the Central Securities Clearing Systems PLC (CSCS), Kyari Abba Bukar, FMDQ Head of Business Development, Tumi Sekoni, and Samir Gadio. Joining these were panelists Dr. Abraham Nwankwo, DG, Debt Management Office (DMO), Bolaji Balogun, MD/CEO Chapel Hill Denham, Kemi Adewole, Head Securities Services, Citibank, Bola Onadele. Koko, MD/CEO FMDQ OTC PLC, Bola Ajomale MD/CEO NASD PLC,  Bayo Olugbemi, President of the Institute of Capital Market Registrars (ICMR), and some major foreign portfolio investors and global custodians.

Founded in 2009, the members of the association are Citibank Nigeria Limited, First Bank of Nigeria Limited, First City Monument Bank PLC, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, and United Bank for Africa PLC. The association is dedicated to the development of the Nigerian Capital market as well as establishing best global practice standards in all aspects of the Nigerian securities market. AACN promotes custody business in Nigeria by seeking ways to make the Nigerian securities market more attractive for investors.