The Nigerian Stock Exchange (NSE) has restated its readiness towards achieving the set target of $1 trillion market capitalisation by 2016.
The NSE believes that this target will be aided by a stronger business development effort, an improved regulatory environment, 21st-century technology, growth enabling market structure, and a first-rate investment protection programme.
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Yvonne Emordi, strategic head, NSE, disclosed this on Wednesday at the second technical session for institutional investors organised by INVESTMENT ONE Financial Services Limited (formerly GTB Asset Management Limited). Other speakers at the forum included Doyin Salami of Pan African University and Funsho Doherty, former managing director, ARM Pensions Limited.
According to Emordi, “The Nigerian Stock Exchange is keen in actualising these set goals on or before 2016. With these objectives being implemented, the Nigerian Stock Exchange will be capable to compete favourably globally. It will be difficult to actualise the set goals and objective of the NSE if the investors are not properly trained so as to get acquainted with the modus operandi.”
