The Honourable Minister of Tourism, Culture and National Orientation, Chief Edem Duke, will on Friday, 11th October, 2013, at 12noon, ring the bell signalling the closing of business at the Nigerian Stock Exchange (NSE), at the Stock Exchange building in Lagos.
A stock exchange is a form of business exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities; and it also provides facilities for the issue and redemption of securities and other financial instruments and capital events including the payment of income and dividends.
Securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds; and the Nigerian Stock Exchange had experienced a downturn leading to crash of stock prices, until recently, when the stock market started appreciating.
Similar to the school bells that most of us heard back in the days, the Stock Exchange’s opening and closing bells mark the beginning and the end of each trading day; and it is the norm to invite a celebrity or top government functionary or company executive to perform the highly publicized events, and the act of ringing the bells is considered to be quite an honour and a symbol of a lifetime of achievement.
A statement by the Senior Special Assistant to the Honourable Minister, Mrs. Chika Balogun, requested the Executive Secretary of National Institute for Cultural Orientation (NICO), Dr. Barclays Foubiri Ayakoroma and other CEOs of the Federal Cultural Parastatals to be part of the Minister’s delegation.
It will be recalled that President Goodluck Ebele Jonathan, during his recent visit to the United States of America, rang the bell at the New York Stock Exchange (NYSE) on Monday, 23rd September 2103, before addressing the 68th Session of the United Nations Gen Assembly.
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