London Stock Exchange Group welcomes Nigeria Capital Markets & Banking Forum

On Friday 27th October, London Stock Exchange Group hosted the 4th Nigeria Capital Markets day. The conference, held in collaboration with The Nigerian Stock Exchange, is the first since the re-signing of the partnership agreement between the two Exchanges in April this year. The conference showcases the strengthening ties between UK & Nigerian Capital Markets across multiple asset classes, following the simultaneous dual listing of Seplat in 2014 and the multiple Nigerian Sovereign Bonds listed on London Stock Exchange's markets this year, including the pioneering Diaspora Bond.

We were delighted to welcome the Rt. Hon. Priti Patel, Secretary of State for International Development, and a strong Nigerian delegation, led by Hon. Kayode Fayemi, Minister of Mines & Steel Development and Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria. The conference featured three panels focusing on the Macroeconomic Climate in Nigeria, Equity Capital Markets and the Development of the Nigerian Debt Market. We also welcomed Afrinvest, a partner on the conference, to launch their annual "Nigerian Banking Sector Report" in front of a record audience.

London Stock Exchange Group has a long history of supporting the development of African capital markets and investment in African companies. To find out more about ISM, visit: www.lseg.com/ism 

There are currently 11 African sovereign bonds listed in London, from Gabon, Ghana, Namibia, Nigeria and Zambia 

  • There are [111] African companies listed or trading on London Stock Exchange – more than on any other international stock exchange.
  • These companies have a total market capitalization of over [US$200] billion, and in the last 10 years have raised more than [$26] billion on our markets.
  • Seplat was the first Nigerian company to simultaneously dual list equity shares in London and Nigeria in April 2014
  • In November 2014, London Stock Exchange Group and The Nigerian Stock Exchange signed a capital markets agreement to support African companies seeking dual listings in London and Lagos. The agreement followed the implementation earlier in 2014 of a unique new cross-border settlement process between the UK and Nigeria
  • In March 2016, LSEG established an Africa Advisory Group, bringing together [12] distinguished business leaders, policymakers and investors from across Africa, to discuss the challenges and opportunities presented by the development of the continent’s capital markets.
  • In June 2014, LSEG signed a strategic agreement with Casablanca Stock Exchange to share its expertise on the full exchange business chain, from listing to trading, and from clearing to settlement and custody with a commitment to position Casablanca’s capital markets and financial infrastructure as a regional hub.
  • LSEG market infrastructure technology is deployed in more [12] African markets, including Botswana Stock Exchange, Casablanca Stock Exchange and Johannesburg Stock Exchange
  • In March 2017, London Stock Exchange Group launched the report ‘Companies to Inspire Africa’ which identifies, for the first time, Africa’s fastest growing, private companies