Breaking News

NSE parleys quoted companies’ CEO on market recovery

By Michael Eboh

As part of efforts aimed  at assisting the Nigerian capital market to attain full recovery to sustain its pivotal role in the nation’s economic development, The Nigerian Stock Exchange (NSE) has concluded arrangements to host the Chief Executive Officers (CEOs) of all its quoted companies.

According to a statement by the spokesperson of the NSE, Mr. Sola Oni, the meeting tagged “The Nigerian Stock Exchange’s Town Hall Meeting with Chief Executive Officers of Quoted Companies” is scheduled to hold Tuesday, July 7, 2009 at the premises of the NSE.

Professor (Mrs.) Ndi Okereke-Onyiuke
Professor (Mrs.) Ndi Okereke-Onyiuke

He disclosed that the forum is designed to help stakeholders examine the current economic climate, especially as it affects the capital market; taking into consideration their effects on the various stakeholders in the market.
He noted that the Director-General/CEO of the NSE, Professor (Mrs.) Ndi Okereke-Onyiuke, would brief the chief executives on current trends in the market with special emphasis on the NSE’s critical success factors.

He said, “The forum would provide a top level interactive session whereby CEOs would discuss the efforts being put in place to improve shareholder value. It is also expected to strengthen the relationship between The NSE and listed companies.  In recent time, The NSE’s performance indicators have been rising while investors’ confidence is also on the upswing. This has been largely due to impressive corporate performance and the NSE’s dynamic risk management approach, among others. As the market has embarked on effective path to full recovery, captains of industries should come together to harmonize their thoughts on the short, medium and long term measures needed to reposition the market for its historic role as the heart beat of Nigeria’s economy.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.