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CNBC Africa @ 10 and the coverage of NSE in the past decade
David Adnori, Managing Director, Highcap Securities joins CNBC Africa to discuss the channel's coverage of the Nigeria Stock Exchange in the past decade.
Thu, 01 Jun 2017 10:00:13 GMT
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AI Generated Summary
- CNBC Africa's consistent and comprehensive coverage of the Nigerian Stock Exchange has significantly impacted the market's growth and visibility.
- The channel's live reporting from the Nigerian Stock Exchange on a daily basis has attracted foreign investors and helped position the market as an international platform.
- CNBC Africa's incisive reporting and positive market projections have played a crucial role in shaping investor perceptions and driving investment activities in the Nigerian capital market.
In the past decade, CNBC Africa has been a staple in reporting on the activities of the Nigerian Stock Exchange, significantly impacting its growth and visibility both locally and internationally. David Adnori, the managing director of High Cap Securities, commended the channel for its consistent and in-depth coverage of the stock market, which has brought the Nigerian market to the global stage. Adnori reflected on the early days of CNBC's coverage at the Stock Exchange, highlighting the efforts made by the channel in educating and enlightening both local and foreign investors. He praised CNBC Africa for its role in projecting the Nigerian market beyond its local boundaries and bridging the gap between local and international investors.
One of the key takeaways from CNBC Africa's coverage, according to Adnori, is the channel's ability to report live from the Nigerian Stock Exchange on a daily basis. This daily coverage has not only kept investors informed but has also attracted foreign investors to the market, contributing to its growth and development. Adnori emphasized the importance of media coverage in shaping investor perceptions and driving investment activities, noting that CNBC Africa's coverage has played a significant role in enlightening foreign investors about the opportunities in the Nigerian capital market.
Despite facing challenges such as the global economic meltdown in 2007, CNBC Africa's coverage of the Nigerian Stock Exchange remained steadfast, providing valuable insights and analysis to investors. Adnori credited CNBC Africa for its incisive reporting and positive market projections, which he believes may have expedited the market's recovery during challenging times. The channel's dedication to reporting on the Nigerian market has not only helped regain investor confidence but has also positioned the market as an attractive destination for both local and foreign investors.
As CNBC Africa celebrates its 10th year anniversary in Africa, Adnori commended the channel for its growth and development in Nigeria and expressed optimism for its future endeavors in further projecting the Nigerian economy. He acknowledged CNBC Africa's role in transforming the Nigerian capital market from a local market to an international platform, attributing part of the market's success to the channel's comprehensive coverage and global reach. Adnori concluded by highlighting the impact of CNBC Africa's reporting on investor behavior and market dynamics, underscoring the channel's influence in shaping the narrative of the Nigerian Stock Exchange.