NSE Annual Reports - The Nigerian Stock Exchange
NSE Annual Reports - The Nigerian Stock Exchange
NSE Annual Reports - The Nigerian Stock Exchange
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PRESIDENT'S ADDRESSDistinguishedLadies andGentlemenIt gives me great pleasure to welcome you allto the 52nd <strong>Annual</strong> General Meeting of the<strong>Nigerian</strong> <strong>Stock</strong> <strong>Exchange</strong> and to present toyou the <strong>Annual</strong> Report and FinancialStatements for the year ended 31 December2012.Market Operating EnvironmentAs economies around the world struggled tomaintain momentum, the global recoverycontinued to meet setbacks, and globalgrowth on a macro level, has been elusive atbest. Yet, what has been referred to as “thelast frontier” – this continent of ours, Africa– is experiencing the kind of growth fromwhich the BRICs were born. For this reasonalone, here at the <strong>Nigerian</strong> <strong>Stock</strong> <strong>Exchange</strong>(<strong>NSE</strong> or the <strong>Exchange</strong>), we are presentedwith an opportunity to strengthen ourposition in the global financial marketplace,and to do so by exercising good judgment.If we are to continue to build upon thestrengths of the <strong>Nigerian</strong> capital market andensure a truly fair and orderly market, thenwe must continue to do so with a globalperspective, realizing that Nigeria is a trueforce in the global financial marketplace.Alhaji Aliko Dangote, GCONPresident05A N N U A L R E P O R T & A C C O U N T S 2 0 1 2
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