Business
FGN, NGX Take Campaign For FDI To NASDAQ
President Bola Ahmed Tinubu is billed to ring the closing bell of NASDAQ in New York, United States, on September 20, 2023, as part of proceedings at the Executive Business Dialogue put together by the United States Chamber of Commerce (USCC), the Nigerian Exchange Group Plc (NGX Group) and the Nigerian Investment Promotion Council (NIPC).
Biztellers reports that the dialogue is part of a series of events in the Non-Deal Roadshow planned by the NGX Group in support of the new administration’s efforts in reigniting renewed foreign capital interest in the Nigerian economy.
It was gathered that the authorities are of the conviction that foreign capital inflow would help in positioning the country for sustainable growth.
This was contained in statement electronically wired to Biztellers by the NGX Group, where it averred that the Non-Deal Roadshow would help to foster dialogue, strengthen economic ties, and enhance collaboration.
It read, “The Roadshow is part of the Group’s drive to support FG’s agenda to elicit interest of foreign investors in the Nigerian economy.
“The goal is to display the robustness of the capital market and leverage the pace of reforms by the new administration of President Tinubu; enabling foreign investors recognise the value created by the changing landscape.”
In addition, the NGX Group is also looking to attract more listings by engaging prospect companies and spotlighting them in front of international investors.
“It will spotlight NGX, pipeline of listings and blue-chip market operators.
This window presents a unique opportunity to reignite the interest of foreign capital in our country, create vital partnerships, and promote increased deal flow into the capital markets,” it added.
It disclosed that other events scheduled between September 20 and 25 by NGX Group include the Non-Deal Roadshow in New York and London organised in collaboration with Debt Management Office (DMO) to be headlined by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
There will also be a tech event themed Invest in Africa’s Future planned with the Ministry of Communications, Innovation and Digital Economy, and Future Africa, to be headlined by Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy.
It was gathered that the tech event would among other objectives explore how the newly created NGX Technology Board can support capital formation in the technology industry and provide an opportunity for US institutional investors interested in investing in Africa, to meet with prominent African venture capital firms and tech founders.
The Enugu Chamber of Commerce, Industries, Mines, and Agriculture (ECCIMA) has applauded the contributions of the Pan African Conglomerate, Dangote Industries Limited (DIL) to the growth of Nigeria’s economy and general Arica’s development.
Deputy President of the ECCIMA, Eric Chime, made the assertion at Dangote Group’s Special Day at the ongoing 2025 Enugu International Trade Fair.
He opined that the Group through its various investments has contributed to the growth and development of the domestic economy.
Welcoming dignitaries, trade exhibitors, industry stakeholders, and the general public to the event, Chime, hailed the longstanding partnership between the ECCIMA and Dangote Group, commending the company’s role as a consistent sponsor and supporter of the trade fair over the years.
“We are highly delighted to welcome Dangote Plc once again to their special day at the ongoing trade fair. Their continued presence and commitment have been instrumental to the success of this annual gathering,” Chime stated.
“Dangote’s contribution to the Nigerian economy is enormous spanning virtually every sector, from cement and food production to their recent game-changing entry into the oil and gas sector through the Dangote Refinery,” he added.
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He emphasized that the impact of the refinery, especially in regulating petroleum product prices, deserves national recognition and support.
“We call on the Federal Government to continue to support Dangote Group in its efforts to put smiles on the faces of Nigerians,” he urged.
Chime further praised the President of the DIL, Aliko Dangote, for his visionary leadership and relentless drive for innovation, noting that the Dangote business empire represents a perfect example of what entrepreneurial excellence can achieve through research, resilience, and dedication.
On his part, Deputy Regional Director, Southeast, Dangote Cement Plc, Ayirioritse Okerentie, expressed gratitude to the ECCIMA for providing a viable platform to engage stakeholders and show case Dangote Group’s contributions to Nigeria’s economic development.
He said that the theme of the Fair, “Developing Nigeria’s Industrial Sector/SMEs for Economic Advancement & Global Recognition” speaks directly to the core mission of Dangote Group.
Okerentie said, “As Africa’s largest indigenous manufacturing conglomerate, we are focused on Production, Prosperity, Power, and Pride. We believe the industrial sector, and by extension SMEs, can play a transformative role in job creation, import substitution, and overall economic advancement. The industrial/manufacturing sector has the capacity to impact significantly on the economy especially in the creation of jobs, provision of goods, reduction in imports of finished products and adding of value to our raw materials. It is generally accepted that a nation’s economic wellbeing is largely dependent on the industrial/manufacturing sector.
“The industrial/manufacturing sector is labour intensive, could create millions of both direct and indirect employments for people of diverse skills such as administrators, accountants, engineers, technicians, marketing and sales among others. It can also create indirect employment for supply chain actors in other sectors of the economy such as raw materials suppliers, logistics and transportation, farmers, and miners.”
According to Okerentie, companies that want to be ahead of competition, must invest in innovation, research and development. Therefore, developing Nigeria industrial sector requires massive investment in technology, adoption of best in-class global practices. This is the best way for products from Nigeria to gain global recognition. When your products are of global standards, global recognition becomes easy.
He noted that the Dangote Petroleum Refinery, the conglomerate’s recent flagship project has exported refined petroleum products such as aviation fuel, Premium Motor Spirit (PMS), automotive gas oil, naphtha to many African, European, American and Asian markets. These products, he stated, conform to the Euro V specifications.
Nigeria’s Leadership Newspapers have named the President of the Dangote Group, Aliko Dangote, as the Person of the Year.
The honour was bestowed upon him at the 17th edition of the Leadership Annual Conference and Awards on Tuesday at the Presidential Villa, Abuja.
On the occasion, Alh Dangote expressed the view that a collaboration between the public and the private sector would help resolve Nigeria’s economic conundrum.
According to him, the duo of public and private sectors must work together to tackle Nigeria’s socio-economic and political challenges.
Alh Dangote, who’s Africa’s wealthiest person, was represented by his Special Adviser, Engr Mansur Ahmed who collected the award on his behalf.
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He said, “On behalf of the award recipients and stakeholders gathered here, I would like to assure all Nigerians of our commitment to continue doing everything we can to collectively make Nigeria a better place for the benefit of the present and future generations.”
On the need for collaboration between the public and private sectors, he opined that: “Given the apocalyptic developments currently unfolding in the global economic arena, it is imperative that leading stakeholders from all sectors of every economy must close ranks and collaborate to advance the interest of their nation.”
He thanked the Leadership Newspapers for considering him for such a lofty award, adding that the recognition has inspired him to do more for his country.
The theme for this year’s Awards is: Challenges and Opportunities in Nigeria’s Fiscal Federalism, and the keynote address was delivered by Vice President Kashim Shettima, who was represented by Dr. Aliyu Umar Modibbo.
The Leadership Person of the Year Award is coming in the wake of numerous other recognitions.
Recall that on November 14, 2011, the Nigerian Government conferred on Aliko Dangote the Grand Commander of the Order of the Niger (GCON), becoming the first person outside government functionaries to bag the honour.
In 2013, he was conferred with the highest national honour in the Republic of Benin, the Grand Commander of the National Order of the Republic of Benin.
Similarly, in 2027, he was awarded the Officer of the Congolese Order of Merit.
In August 2022, Dangote was conferred with the Commander of the Order of Merit of Niger award by the then President of the Republic of Niger, Mohamed Bazoum in Niamey, in appreciation for his services rendered to the Republic of Niger and as well as a tribute to his business acumen and philanthropy.
In 2024, he was conferred with the prestigious award of Commander of the National Order of the Lion, by President Macky Sall of the Republic of Senegal, for his commitment to economic growth and sustainable development across the continent.
In April 2014, TIME Magazine listed him among its 100 ‘Most Influential People in the World.
For six consecutive years, 2013 2014, 2015, 2016, 2017, 2018 Forbes listed him as the ‘Most Powerful Man in Africa’ alongside the Egyptian President Abdel Fatteh el Sisi.
He was Vanguard Personality of the Year in 2022 and The Guardian Man of the Year 2015.
In 2012 and 2024, the Daily Sun, Nigeria’s leading tabloid named him the Sun Man of the Year.
As business confidence in Nigeria rose to the highest level in 14 months signalling a rising demand for their goods and services, Woodhall Capital International Foundation (WCIF), a subsidiary of Woodhall Capital, a leading financial advisory firm, in partnership with Mentor Intro Africa, has commenced the training of a new generation of Captains of Industry through a-six-week intensive mentorship programme.
Speaking about the programme which commenced with forty shortlisted mentees on Friday March 5 at EbonyLive Studios, Victoria Island, Lagos, the President of Woodhall Capital, Mrs. Mojisola Hunponu-Wusu, noted, “We are very excited to bring together 40 Captains of Industry and share ideas and visions on how to build sustainable businesses in Nigeria. It’s been a wholesome experience from 9am to 3pm. It’s so heartwarming to have found Captains of Industry who are indigenous to Africa and others who are going global. We shared ideas on how exactly we can accomplish these, the peculiarities of doing business in Nigeria, and the possibilities of Africans building offices around the world. That’s what we have started on Friday.”
Reinforcing what the partnership means to her, the Founder of Mentor Intro Africa, Mrs. Fola Niyi-Duale, remarked, “What we set out to do is to bridge the gap between career professionals and those who have already walked the path. It means we created a structured virtual platform where experienced industry leaders can guide, support, and inspire professionals and entrepreneurs on their journey to greatness. This is big because it epitomizes impact and we’re leaving a legacy for people to see and enjoy a future that we may not even be a part of, but we have laid the foundation.”
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Both partners reiterated that the mentorship is not for the optics and its impact upon completion would far-reaching.
One of the mentees, Co-founder/Chief Technical Officer, Blue Sands STEM LabsOveral, Kingsley Okechukwu, excitedly said, “I’m glad I got the opportunity to be part of this mentorship. Our first session reinforced the significance of visionary leadership, employee retention, continuous innovation, and strategic positioning in ensuring long-term business success.”
This collaboration between Mentor Intro Africa and Woodhall Capital Foundation brings together visionary leaders, seasoned professionals, and the next generation of changemakers in an empowering initiative designed to bridge mentorship with high-impact leadership.
Together, the partners aim to spotlight industry pioneers, foster meaningful dialogues, and create lasting impact across Africa’s business and professional landscape.
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