London Stock Exchange, one of the biggest trading market in the world, has signaled its interest to list more Nigerian companies, after GTBank, Diamond Bank, Eland Oil and two others — currently listed. Zenith Bank is expected to be listed in a few days, and Dangote Cement next year. It gives Nigerian companies an opportunity to the global market, with further credibility, opportunities and popularity.
The Head of London Stock Exchange, for Business Development in Middle East and Africa, Ibukun Adebayo, said to This is Africa on this move, that, “The level of interest in the country from global investment houses operating out of London has grown significantly, particularly in the last couple of years. There’s been a distinct pick up in terms of the value that African countries see in having a LSE listing. It’s about more than just capital raising. It’s about profile building, the binding effect of meeting higher regulatory standards, plus London’s ability to adequately price risk from this part of the world.”