FG apologise for Tinubu’s ‘first African President to ring NASDAQ closing bell’ error

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  • September 24, 2023
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FG apologise for Tinubu’s ‘first African President to ring NASDAQ closing bell’ error

Tamarauemi Ebimini

The Federal Government apologised on Friday for saying that President Bola Ahmed Tinubu is the first African President to ring the National Association of Securities Dealers Automatic Quotation System (NASDAQ) closing bell.

Tinubu’s spokesperson, Ajuri Ngelale, tendered an official apology on behalf of the presidency in a statement where he said the error was regretted.

President Tinubu rang the closing bell of NASDAQ on Wednesday alongside business leaders, including the Chairman of BUA Group, Abdul Samad Rabiu.

It has been revealed that a former African leader had previously rung the bell at NASDAQ, debunking the earlier claim of Tinubu’s bell-ringing, which was perceived to be a historic achievement.

They argued that in 2014, President Goodluck Jonathan rang the closing bell at the New York Stock Exchange, while Femi Otedola’s daughter, DJ Cuppy, rang the NYSE bell in 2019.

Contrary to the claim, the former President of Tanzania, Kikwete, First Ladies and Health Ministers rang the closing bell of NASDAQ in 2011, as announced by NASDAQ in a notification to the public dated 2011 with the title, “President Kikwete of Tanzania, First Ladies and Health Ministers, and Global Health Leaders to Ring The NASDAQ Stock Market Closing Bell.’

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