The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, CON, was at The Nigerian Stock Exchange on Thursday, February 12, 2015 for the Closing Gong Ceremony. The event provided key capital market stakeholders a unique opportunity for a close interaction with the CBN Governor on some of the issues affecting the Nigerian capital market and the economy at large.
Speaking during his visit, Mr. Emefiele said that the Nigerian economy is resilient despite the falling crude oil prices in the international market and uncertainty surrounding the coming elections. He pointed out that some economies in world, including Nigeria, are faced with a drop in the commodity market, saying that the depressed crude oil price has affected the activities on the Nigerian capital market. The Central Bank Governor maintained that the Nigerian monetary and fiscal authorities are working to arrest the current vulnerabilities in the market. He called on both domestic and foreign investors to increase their level of confidence in Nigeria.
Reinforcing the views of the CBN governor, the president of Council of The NSE, Mr. Aigboje Aig-Imoukhuede, CON, called on retail and institutional investors to invest in the capital market and the economy at large, saying “there is a great fortune to be made in the Nigerian economy.”
On his part, the Chief Executive Officer of The NSE, Mr. Oscar N. Onyema, OON, thanked the CBN Governor for taking the time out to discuss with the capital market community. Mr. Onyema reiterated The NSE’s commitment to the CBN’s vision of a vibrant Nigerian economy. “The Exchange would continue to cooperate with the Central Bank of Nigeria, through the Financial Literacy Steering Committee (FLSC), Financial Services Regulation Coordinating Committee (FSRCC), FSS2020 and other initiatives that will lead to overall growth and development of the Nigerian Economy” Onyema noted.