Nigerian stock exchange
Nigerian stock exchange

The Nigerian Stock Exchange (NSE) recorded a stellar performance in its financial operations in 2014, a top official said on Thursday.

Nigerian stock exchange
Nigerian stock exchange

Aigboje Aig-Imoukhede, president of the NSE, who made the announcement at the 54th Annual General Meeting (AGM) of the NSE in Lagos, Nigeria’s financial hub said the organization recorded an operating surplus of 3.95 billion naira (19.8 million U.S. dollars) representing a significant increase of 21 percent from 2013.
Aig-Imoukhede told stakeholders that there were many ground- breaking developments in the nation’s capital market during the period, saying the NSE closed the year with accumulated funds of 17.49 billion naira (87 million dollars).
In 2014, the NSE recorded impressive growth along key financial indices, he added, noting that total assets grew by 30 percent, while net assets grew by 29 percent year-on-year.
He told his audience that the growth in net assets was drive by a consistent rise in trading revenue and other income, adding that the results were achieved in spite of thinning operating margins and a fourth quarter slowdown in market activity.
The president said the Exchange is poised to become a veritable platform for financing the real economy and was ready to play its part in transforming the nation’s capital formation value chain.
Also speaking, the Chief Executive Officer of the NSE, Oscar Onyema, said the strategic focus of the exchange had delivered strong performance for the company.
He said the Exchange will continue to deliver its strategic commitments, drive operational excellence and create value for various stakeholders.
Onyema told reporters that the NSE is positioning the business to be a key player in the sub-Saharan region as well as to be agile to seize new opportunities. Enditem



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