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Confidence returns as foreign investors visit NSE

By Micheal Eboh
The Nigerian capital market has continued to witnessed significant   return of investors’ confidence as a group of investors from the Provident Group in the United States of America, has concluded plans to visit the Nigerian Stock Exchange (NSE) in a view to seek viable investment opportunities in the market.

According to a statement by the spokesperson of the NSE, Mr. Sola Oni, the Provident Group team, led by its Chairman/Chief Executive Officer, Mr. Steven Carlson, Mr. Ivan Saal, Managing Director, Deal Execution and Mr. Mark Bishop, Managing Director, Natural Resources and Energy, will be visiting the NSE, Thursday, May 27, 2010.

He noted that as a measure of the improved fortune of the market over the last couple of months, a number of foreign investors have visited the market to seek investment opportunities in different sectors of the economy.

He said, “A number of foreign investors have visited the NSE over the past months as a measure of confidence in the stock market. Foreign investors, like Goldman Sachs, Merill Lynch, George Soros, UBS Bank, South Africa among others, have visited the NSE at one time or the other, because they believe the market is good.”


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