The Nigerian Stock Exchange has intensified efforts to attract more companies to its Alternative Securities Market.
The NSE ASeM is a specialised board for the listing of emerging companies operating in Nigeria.
The Exchange developed the board to accommodate small and mid-sized companies, with high growth potential, seeking to access the capital market by raising long-term capital.
In its quest to attract more companies to the board, the Exchange recently organised a road show in the South-West.
The road show, which saw officials of the NSE visit Agbara and Abeokuta in Ogun State on December 11 and 12, was after the Exchange had organised a road show to Asia in a bid to attract more foreign investment.
The theme for the road show was ‘Accessing long-term capital for growth; The ASeM platform’.
In the course of the event, the benefits of listing were discussed and participants were exposed to the opportunities available in the capital market, a statement by the Head, Corporate Communications, NSE, Mrs. Nwando Ajene, said.
The statement added that the need for small and mid-sized companies to formalise their businesses to becoming sustainable institutions was also demonstrated as the Exchange sought to identify businesses that were ready to take the required steps towards accessing the capital market.
According to the Exchange, there are three major pillars supporting ASeM. They are designated advisers, institutional services and growth ambassadors.
Designated advisers are accredited capital market operators who prepare SMEs for listing and provide continuous financial advisory support throughout the listing life of the company.
Institutional services refer to the value the NSE adds to help SMEs formalise their business ahead of listing, while the growth ambassadors are influential individuals to project the board to relevant stakeholders.
The Head, Listings Sales and Retention, NSE, Mrs. Taba Peterside, who defined the brand identity and value proposition of the board, noted that the introduction of designated advisers would assist ASeM companies meet post-listing obligations and support them as financial advisers.
Punch
