NIGERIAN EXCHANGE GROUP STRENGTHENS TIES WITH JOHANNESBURG STOCK EXCHANGE TO ENHANCE CAPITAL MARKET GOVERNANCE
The Nigerian Exchange Group (NGX), under the leadership of Group Chairman Umaru Kwairanga, recently visited the Johannesburg Stock Exchange (JSE) to explore opportunities for collaboration and improve governance practices within Nigeria's capital market. This visit, which included SEC Director General Dr. Emomotimi Agama, underscores NGX's commitment to aligning with international standards and fostering growth in the African capital markets.
During the engagement, the NGX delegation met with JSE Group CEO Leila Fourie, who highlighted the growing significance of African capital markets on the global investment stage. Kwairanga expressed optimism about the insights gained from JSE’s governance structure, noting that it would positively influence NGX’s decision-making processes.
Agama reaffirmed the SEC’s support for initiatives aimed at enhancing the capital market, emphasizing that the knowledge acquired from the JSE would be vital for Nigeria's market development.
The discussions also focused on potential collaborations, particularly in areas like carbon markets, data sharing, and private markets, which are essential for diversifying revenue streams. Temi Popoola, CEO of NGX Group, highlighted the importance of innovation and technology in product development, stating that these factors could drive transformation in both their business and the wider market.
Additionally, Fourie noted the necessity for African exchanges to work together to enhance the continent's appeal to global investors, particularly as interest shifts away from the Chinese market. The visit included key NGX personnel, including Non-Executive Director Nonso Okpala and SEC Executive Commissioner for Operations Bola Ajomale.
This strategic engagement aims to position the Nigerian capital market for greater competitiveness and growth in the evolving global investment landscape.
The Nigerian Exchange Group (NGX), under the leadership of Group Chairman Umaru Kwairanga, recently visited the Johannesburg Stock Exchange (JSE) to explore opportunities for collaboration and improve governance practices within Nigeria's capital market. This visit, which included SEC Director General Dr. Emomotimi Agama, underscores NGX's commitment to aligning with international standards and fostering growth in the African capital markets.
During the engagement, the NGX delegation met with JSE Group CEO Leila Fourie, who highlighted the growing significance of African capital markets on the global investment stage. Kwairanga expressed optimism about the insights gained from JSE’s governance structure, noting that it would positively influence NGX’s decision-making processes.
Agama reaffirmed the SEC’s support for initiatives aimed at enhancing the capital market, emphasizing that the knowledge acquired from the JSE would be vital for Nigeria's market development.
The discussions also focused on potential collaborations, particularly in areas like carbon markets, data sharing, and private markets, which are essential for diversifying revenue streams. Temi Popoola, CEO of NGX Group, highlighted the importance of innovation and technology in product development, stating that these factors could drive transformation in both their business and the wider market.
Additionally, Fourie noted the necessity for African exchanges to work together to enhance the continent's appeal to global investors, particularly as interest shifts away from the Chinese market. The visit included key NGX personnel, including Non-Executive Director Nonso Okpala and SEC Executive Commissioner for Operations Bola Ajomale.
This strategic engagement aims to position the Nigerian capital market for greater competitiveness and growth in the evolving global investment landscape.