The Nigerian Stock Exchange and MSCI sign strategic agreementStaff writer ▼ | March 27, 2015
Africa Indexes on the stock market
MSCI, a provider of investment decision support tools worldwide, and The Nigerian Stock Exchange (NSE) announced a strategic co-operation agreement to develop and market a co-branded family of indexes for the Nigerian equity markets.
The Nigerian Stock Exchange is the largest exchange in Africa by volume traded.
Additional indexes will also be jointly developed and launched in the future based on client demand and market development. The indexes will be used as performance benchmarks and as the basis for index-linked products for investors seeking exposure to the Nigerian capital markets.
The MSCI/NSE Indexes will be calculated and disseminated by MSCI, based on the same industry leading standards that apply to the MSCI indexes. MSCI will commercialize the indexes outside of Nigeria while the NSE will continue to serve clients in Nigeria.
The Nigerian Stock Exchange is the largest exchange in Africa by volume traded, currently trading an average of 437.4 million shares daily. With 253 listed securities, the NSE's total market capitalization is USD 90.67 billion. ■
What to read next