The Nigerian Stock Exchange (NSE), and Ciuci Consulting, a leading strategy and consumer intelligence company has announced the launch of the Nigeria Business Composite 10 (NiBC 10) which will take place on Tuesday.
The NIBC 10 is a selection of 10 successful Nigerian enterprises that have exhibited high potentials for growth and have over the years maintained a brilliant track record.
According to the Exchange, the event was aimed at celebrating these companies while inspiring confidence in the Nigerian society and its potential to produce thriving businesses.
Acting Head, Corporate Services, NSE, Pai Gamde, speaking on the initiative said, “We are delighted to partner with Ciuci Consulting on the NiBC 10 initiative. It aligns with our commitment to promoting and supporting small and medium enterprises (SMEs) in Nigeria, by providing a framework that can help mentor SMEs in the country. At the NSE, we have a strong support system for such companies as our ASEM board provides them a platform for growth and expansion; a platform we hope these companies will leverage in the coming months.”
According to Chukwuka Monye, Managing Partner of Ciuci Consulting: “Nigerian entrepreneurs need to see examples of businessmen and women that are working hard and creating successful businesses in the same environment that many fear to explore. We have worked with each of the 10 companies, who are at different growth stages; and are pleased to recognise them and encourage them for what they do.”
The launch of the NiBC 10 will bring together top Nigerian CEOs and captains of industry. Companies included in the NiBC 10 are House of Tara, Bestman Games, Iya Foods, L’Avyanna, Everyday Supermarkets, DBH Solutions, Ugo Monye Official, Healthcare Leadership Academy, Private Sector Health Alliance of Nigeria and Massey Street Children’s Hospital.
In a related development the NSE organised its second Market Data Workshop in partnership with Thomson Reuters and other capital market participants
The event, scheduled to hold on Wednesday, October 4, at The Civic Centre, Lagos, themed “Market Data: The bedrock of wealth creation”, would bring together investors, market data aggregators, exchanges, market regulators, government agencies, broker dealers and capital market stakeholders, which will create a convergence of informed and educated players in the capital market.
According to the NSE, the underlying objective of the workshop is to increase awareness on the critical role of market data as a fundamental pillar for wealth creation while leveraging on strategic synergies and technologies to drive market participation.
Some of the confirmed speakers for the event include: Mr Mounir Gwarzo, DG, Securities and Exchange Commission; Mr Bismarck Rewane, Managing Director, Financial Derivatives Company Limited; Mr Ekow Afedzie, Deputy Managing Director, Ghana Stock Exchange: Mr Euvin Naidoo, Head of Financial Institutions for Africa-Thomson Reuters; Mrs Titi Odunfa Adeoye; Founder and Managing Director of Sankore Investments and others.
The 2017 agenda would address market-data related challenges and present opportunities to learn new methods of gaining business insight and making informed investment decisions. It would also bring together other African Exchanges and members of the Media to explore new and innovative ways of collaborating together and disseminating market information that will sustain and enhance an informed investor community.
According to the Executive Director, Market Operations and Technology, NSE, Mr Ade Bajomo, “The conference brings to fore the critical application of market data in making sound investment decisions whilst highlighting the various data products available in the Nigerian marketplace, thereby allowing investors to maximize their wealth creation opportunities. This is a must attend event for all market participants.
Mr Ade Ewuosho, Head of Market Services Department, NSE said, “While the global trend in the use of data has seen tremendous increase, it is noteworthy to say that Market Data will remain the bedrock of wealth creation. The conference aims to showcase the different information channels available to the investing public whilst leveraging on innovative technologies to disseminate Market Data.”