NGX, US Consulate agree to drive bilateral investments, trade -

The United States Consulate and Nigerian Exchange Limited (NGX) have decided to collaborate on boosting investments and trade between Nigeria and the USA.

Will Stevens, The US Consul General, while giving his remarks at the Closing Gong Ceremony held on Friday October 14 to commemorate his courtesy visit to NGX said that the US is committed to facilitating its strategic interests of which increasing US investments to Nigeria; Nigerian investments to the US; and trade between the US and Nigeria is paramount.

“It is an honour and I am very excited to be here today. Our goal is to work with the Exchange to create transparency and accessibility for Nigerian companies to international investors. I am looking forward to doing everything I can to increase trade between our nations, US investments in Nigeria, and Nigerian investments in the US.”

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Temi Popoola, Chief Executive Officer, NGX, noted the longstanding relationship between the US Mission and NGX over the years, underscoring the critical role the Consulate plays in driving the cooperation and assuring the Consul General of NGX’s commitment to its sustenance.

He said, “The US Consulate plays a commendable role in driving sustainable investments in Nigeria’s technology, agriculture and energy sectors via strategic partnerships with American corporates and investors that have significantly aided Nigeria’s economic growth and further entrenches the importance of sustaining our cooperation. NGX, through our role as a frontrunner for sustainable finance and business practices for the Nigerian capital market, will continue to champion initiatives that stir the ecosystem along the path to achieve economic recovery and inclusive development.

Popoola stated that NGX is keen on exploring avenues through which it could be the point of contact between Nigerian investors looking to access the US market and US institutional and retail investors wanting to approach the domestic market. “NGX is well positioned to leverage its partnerships for private sector advocacy, building capacity of market players, technological progress and digital transformation of markets.”

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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.