UK Envoy canvasses support for Nigerian capital market

By Moses Ebosele

Despite various economic challenges in Africa, the Nigerian capital market has great opportunities, United Kingdom Trade & Investment (UKTI) Envoy,  John Howell has said.

  According to Howell, Nigeria’s capital market is viabrant, noting that the United Kingdom is comfortable doing business with companies listed on the floor of Nigeria Stock Exchange (NSE).
 Howel who spoke after the closing gong of NSE on Wednesday explained that the Nigerian capital market is strategic to the development of African economy.
 Meanwhile, the NSE organized the 3rd edition of the Nigerian Capital Market Information Security Forum with the theme “What to do when you are hacked”.
  Some of the topics discussed at the forum include Security in a Mobile-First Cloud-First World by Microsoft, What to Do When You Get Hacked and Transforming Data Protection with Hewlett Packard Enterprise.
According to Executive Director, Market Operation Technology of  NSE,  Mr. Ade Bajomo, Executive Director, the forum is designed to deepen awareness on information security, cyber threat and the crucial role that effective information security systems play in ensuring that firms continue to provide reliable and secure services that endear customer confidence and patronage, whilst leveraging technology to grow their profitability.
He said: “The incidence of hacking attacks are on the rise and the need to secure and maintain information integrity has never been greater. Businesses need to take proactive measures to prevent theft and misuse of information, damage to intellectual property and loss of value as a result of breaches. Capital market players must be up to speed with the techniques employed by hackers as well as processes for adequate business continuity and disaster recovery” Bajomo also counselled that “to make hacking attacks less expensive, business owners should constantly embark on staff training, introduce right technology and processes as well as ensure round the clock IT infrastructures system surveillance”.