Presidency Goofs in NASDAQ Closing Bell, Withdraws Statement

Presidency Goofs in NASDAQ Closing Bell, Withdraws Statement

The Nigerian Federal government, represented by its Special Adviser in Media and Publicity, Ajuri Ngelale, has withdrawn the statement that Bola Ahmed Tinubu is the first African president to ring the closing bell at the National Association of Securities Dealers Automatic Quotation System (NASDAQ).

In a statement, he said, “In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second-largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell, making him the first African President to ever receive the honour,”

The National Association of Securities Dealers Automatic Quotation System (NASDAQ), a major stock exchange headquartered in New York, has extended invitations to several prominent individuals from Africa to participate in the closing and opening bell ceremony.

Following a string of controversies on social media, in which Ajuri Ngelale was accused of spreading false information and likened to Lie Mohammed, he later amended the information, stating that Bola Ahmed Tinubu is indeed not the first president from Africa to ring the closing bell.

He wrote, “We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser.”

“We have since found out that this information was/is incorrect as a former African leader has indeed had the privilege. This error is sincerely regretted,”.

After an extensive investigation to identify the president who rang the closing bell at the National Association of Securities Dealers Automatic Quotation System (NASDAQ) before Bola Ahmed Tinubu, it has been confirmed that the former Tanzanian president, Jakaya Kiwete, had the honor on September 21st, 2011.

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Additional information provided by Ojye Okpe from Arise News during the Morning Show includes, that the “Former Nigerian president Goodluck Jonathan rang the New York stock exchange which is ranked first globally on the list of stock exchanges on September 13 2013.

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