Nigeria- the land of pristine beaches, cascading waterfalls and ebony colored beauties is located at the western coast of
Africa. The economy of this nation is powered by many industries with the Nigerian Stock Exchange (NSE) playing a pivotal role in garnering funds. NSE was set up in 1960 and today it boasts of over 283 listed companies with a gross market capitalisation of about N8.2 trillion. The only index used is the Nigerian Stock Exchange All Shares Index.

Nigeria is a huge nation with big aspirations and a progressive out look. The emergence of the private sector has given a vital fillip to develop the financial capability and buoyancy to build up a market-driven economic system and competence to vie for global business contracts. It could steadily decrease its dependence on foreign investments during this phase.

Many economic decisions set off by President Obasanjo, has started to stir up an upward surge in the Nigerian stock market. The nation’s first multinational company Transcorp started its operations with a primary share capital of 56 billion naira and is hoping to harness more funds from the Nigerian Capital Market by way of an initial public offering listed in the Nigerian Stock Exchange. To attract foreign investments, the Nigerian government has scrapped the legislation that hindered the foreign capital fund flow to
Nigeria. This in turn allowed the foreign share brokers to get enlisted in the Nigerian stock exchange as dealers.
Nigeria also welcomes investment from people of any nationality without any hurdles. Nigerian business organizations can also employ cross border listings or multiple listings in foreign markets.

Last year, The Exchange witnessed a record turnover with an impressive growth of a staggering 104.9%- considered by far the highest annual turnover ever since its inception. Trading activities also recorded an all time high both in the Primary and Secondary market. The ripples created in the stock market have launched Nigeria into the global economic platform by triggering off a spate of economic activities. The innovative and path breaking strategies are sure to bring in more positive results in the days to come.

The stock market has started showing an impressive growth and tremendous trading activities with many blue chip companies like Cadbury Nigeria, First Bank of Nigeria, Nigeria Breweries and Unilever Nigeria among others making impressive returns.