The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE).
Under the arrangement, the renewal extends the original two year partnership agreement between the NSE and LSEG, allowing the two Exchanges to build on the progress achieved to date.
First signed in November 2014, the capital markets partnership agreement seeks to strengthen
Cooperation and promote mutual development between the two exchanges. The agreement supports companies seeking dual listings in London and Lagos.
Since entering into this partnership, the two exchanges have held three “hugely successful NSE/LSEG Dual Listings Conferences aimed at providing global visibility and access to deep capital pools for companies and issuers from both markets.
The Executive Director, Capital Markets – NSE, said “The NSE is delighted to renew this agreement with LSEG, as it reflects a successful partnership story. Our collaboration with London Stock Exchange is deliberate and strategic. It is geared at encouraging seamless cross-border access between our markets to ultimately develop larger capital markets that enable capital formation for businesses and governments; create deeper liquidity pools and greater competitiveness for investors; as well as enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers”.
Also commenting on the development, Ibukun Adebayo, Co-head, Emerging Market Strategy, LSEG in a statement said “London Stock Exchange Group is proud of our continued partnership with Nigeria and Lagos. This new agreement cements the relationship between our two exchanges. It also demonstrates our commitment to encouraging further dual listings in Lagos and London, and promoting the developments of the Nigerian capital markets infrastructure on a global stage.””
