Over the last couple of years, some companies of Nigerian origin have had their eyes on the top-ranked foreign exchanges in the world.
Of all the companies of African origin that have looked to list on foreign exchanges, only Jumia—an eCommerce platform that started in Nigeria—has succeeded. It 2019 it became the first African-focused company listed on the New York Stock Exchange (NYSE).
Based on other companies’ attempts in recent times, it appears that Jumia will not be the only Nigerian company that will be listed on foreign stock exchanges in the next couple of years. African startups probably chose the NYSE, among others, to gain easy access to new markets and boost brand recognition…
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News Archive from before July 2018