NGX holds its inaugural capital markets conference – Nairametrics

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In the first edition of the Capital Markets Conference, Nigerian Exchange Limited (NGX) called for increased collaboration among the key players in the country’s economy to generate productive investments that would accelerate a high capital market and digitized.

Theme the “Capital markets ready for the future; Innovating for the sustainable recovery of Nigeria ” NGX Capital Markets’ inaugural conference, held at Transcorp Hilton, Abuja, on Tuesday, November 30, brought together policymakers, financial experts, business leaders, investors, international development partners and regulators, headed by the Vice President of the Federal Republic of Nigeria. , His Excellency Professor Yemi Osinbajo, SAN, to share ideas and broaden the thinking needed to increase capital flows through innovative sources of finance for the capital market.

Speaking after the conference, NGX Managing Director Mr. Temi Popoola expressed his enthusiasm for the deliberations, results and the way forward agreed by the keynote speakers and panelists. He said: “As a major engine of the economy, we are proud to be at the forefront of this milestone which is a defining moment for the Nigerian financial sector and the capital market in particular. The long list of key public and private sector stakeholders attending today’s conference shows just how open NGX is to leveraging relationships and partnerships to advance its digital transformation agenda ”.

“Moving forward, NGX will continue to deepen and increase access to financial services for Nigeria through technology while championing the country’s infrastructure development and economic growth,” Témi assured.

Organized as a hybrid event, the inaugural Capital Markets Conference showcased a long list of policymakers and business leaders from the public and private sectors of the country, including the Vice President of the Federal Republic of Nigeria, His Excellency Professor Yemi Osinbajo, SAN, who was the headliner of the conference; President, BUA Group, Alhaji Abdul Samad Rabiu, CON, President of the Conference; President of the Senate, Federal Republic of Nigeria, Senator Ahmad Ibrahim Lawan Ph.D, CON, represented by Senator Ibikunle Amosun, Chairman, Senate Committee on the Capital Market; Speaker, Federal House of Representatives, Federal Republic of Nigeria, Honorable Femi Gbajabiamila; Chairman, House Committee on Capital Markets, Federal House of Representatives, Federal Republic of Nigeria, Honorable Babangida Ibrahim; Dr Kayode Fayemi, Executive Governor, Ekiti State and Chairman of the Nigeria Governors Forum; Mr. Godwin Obaseki, Executive Governor, Edo State; Malam Nasir El-Rufai, Executive Governor, Kaduna State; group chairman, Nigerian Exchange Group Plc, Otunba Abimbola Ogunbanjo; Chairman, NGX, Mr. Abubakar Balarabe Mahmoud, SAN, OON; Mr. Aigboje Aig-Imoukhuede, CON, President, Coronation Capital; Mr. Oscar N. Onyema, OON, Group Managing Director / CEO, NGX Group Plc; Ms. Cathrine Echeozo, Director, Guaranty Trust Holding Company (GTCO); and the Honorable Minister of Finance, Budget and National Planning, (Dr) Zainab Ahmed, among others.

In his address as keynote speaker at the conference, the Vice President of the Federal Republic of Nigeria, His Excellency Professor Yemi Osinbajo, SAN, praised NGX’s digitization efforts and urged The Exchange to continue to work with all government and regulatory bodies, such as the Central Bank, the Securities and Exchanges Commission (SEC) and the National Pension Commission (PENCOM) among others to ensure that the excessive risk premium of the capital market is reduced and that foreign investors are strongly reassured about the mechanisms of foreign investment and other regulations which help them to channel their resources and to exit them with the fewest possible constraints.

“As a government, we have shown our commitment to the growth of NGX and we want NGX to see itself as a critical player, even in negotiations on Africa-wide initiatives such as the free zone. African continental exchange (AFCTA). The macroeconomic environment and regulatory regime provide unprecedented opportunities, as announced by the inaugural capital markets conference, to attract more retail investors, deepen the market and positively impact the livelihoods of Nigeriens “, Osinbajo said.

Also speaking at the conference, NGX Chairman Mr. Abubakar Balarabe Mahmoud, SAN, said the Nigerian capital market has the capacity to boost economic development and wealth creation through innovation and digitization. “As the conclusions of various speakers and panelists show, a high capital market can greatly contribute to the development agenda of the government, especially as it relates to improving the economy.” Mahmoud concluded

NGX Capital Markets’ inaugural conference is the first in a series of events aimed at catalyzing the capital market of the future, which sustainably harnesses technology to champion the country’s infrastructure development and economic growth.

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