VENTURES AFRICA – Lord Mayor of the City of London, Alderman Roger Gifford, has pledged that the City of London and the London Stock Exchange (LSE) will help the Nigerian Stock Exchange (NSE) attain a leading role among African capital markets.
Citing the NSE as the gateway to African capital market, Gifford said the Nigerian bourse is currently number two in Africa but given the growth potential of the Nigerian economy and the reforms taking place, the exchange is already positioned as the gateway to African capital markets.
The Mayor , who said this at a United Kingdom-Nigeria Investment Partnership Forum in Lagos to promote trade and investments between the UK and Nigeria, confirmed that the existing relationship between the local bourse and the LSE has yielded positive results with three Nigerian banks already listed on the London bourse.
According to Gifford, Africa-focused companies listed on the LSE have raised over £4.2 billion ($6.5 billion) between the year 2008 and now.
He concluded that the LSE is ready to assist them in further international capital raising, adding that Nigerian firms can access the deep international pool of capital of $1.8 trillion through the LSE.
Oluwabusayo Sotunde is a versatile writer with interest is in business analysis, the Stock Market, book and music reviews. She also has keen interest in developmental issues, reading, adventure and innovation. Her writing experience includes stock market updates on InvestingPort.com and contributing to CP-Africa.com. She also had an internship with Eko FM, Lagos (at the news and current affairs department) before proceeding to the Nigerian Institute of Journalism (NIJ) to complete her studies. 
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