Deepening the Nigerian Capital for Liquidity

Category: Capital Market


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Deepening the Nigerian Capital for Liquidity

 

April 19, 2012/Temple ASAJU/Proshare
Stakeholders in the Nigerian Capital Market have again enjoined one another on the task of taking the Nigerian Capital Market to the next level.
At the BusinessDay Annual Capital Market Conference 2012 themed “Liquidity and Deepening Nigeria ’s Capital Market”, invited guests addressed matters bordering on securities in the Nigerian Capital Market.
The Keynote presenter, Luca Del Conte speaking on “Deepening of the Market with a Global perspective” stated that the Nigerian Market remains a potential destination for future investments in Sub-Saharan Africa. He shared that the different allocations potentials in Nigeria must be geared towards consumer growth.
Encouraging stakeholders to intensify investment in Agriculture and the Power sectors, Conte maintains that incentives must be given over prospective local funds targeted for the market. Rather than virtually investing in market technology; linking the market fundamentals to the Internet, market technology remains the key to channelling liquidity to an emerging capital market, Conte said.
During the staged panel discussion, discussants debated over issues of either offering incentives to prospective blue-chip companies within the country or mandating companies to list by compulsion. Other matters raised for evaluations include the generally accepted market making experts body set up by the NSE. On this note, Kayode Akinkugbe commended the NSE management team, remarking that the greatest initiative of the Exchange so far remains the market making body recently initiated. He noted that with the availability of market making experts, securities lending and illiquidity deepening will be made possible in Nigeria ’s Capital Market.  
Giving assurances on the promising blueprints of the NSE, the Executive Director, Markets Operations and Technology, Adeolu Bajomo says while the NSE continues to invest significantly in technology, its end game aims at ensuring transparency and accessibility to the Broker-Dealer Community. Bajomo stressed that the new trading platform (NASDAQ OMX system) set to be signed by the NSE (Click here to watch video of interview With Mr. Bajomo on the proposed Trading Platform)  will accommodate several products including Derivatives in the Nigerian Capital Market.


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