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NGX Holds Inaugural Capital Markets Conference Today

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NGX Holds Inaugural Capital Markets Conference

…as Prof. Yemi Osinbajo, Others laud digitization efforts

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX) has, at the maiden edition of the capital markets conference, called for increased collaboration among key players in the nation’s economy towards driving productive investments that would accelerate an elevated and digitized capital market.

Themed the “The Future Ready Capital Markets; Innovating for Nigeria’s Sustainable Recovery the inaugural NGX Capital Markets Conference, which was held at Transcorp Hilton, Abuja, on Tuesday, 30th November, brought together leading policymakers, financial experts, business leaders, investors, international development partners, and regulators, led by the Vice President, Federal Republic of Nigeria, His Excellency, Professor Yemi Osinbajo, SAN, to share insights and broaden the thinking needed for greater capital flows through innovative sources of financing for the capital market.

Speaking after the conference, the Chief Executive Officer, NGX, Mr. Temi Popoola expressed his excitement about the deliberations, outcomes and agreed way forward by key speakers and panelists. He said,  as a major propeller of the economy, we are proud to be at the forefront of this milestone which is defining moment for Nigeria’s finance sector and the capital market specifically. The long list of key stakeholders from the public and private sector in attendance at today’s conference shows how to open NGX is to leveraging relationships and partnerships to advance its digital transformation agenda”.

“Taking this forward, NGX will continue to deepen and increase access to financial services for Nigeria through technology while championing the infrastructural development and the economic growth of the countryTemi assured.

NGX Holds Inaugural Capital Markets Conference
Left-Right: Alhaji Abdul Samad Rabiu, Chairman/CEO of BUA Group; Mr. Abubakar Balarabe Mahmoud, OON, SAN; Prof Yemi Osinbajo Vice President of Nigeria; and Mr. Temi Popoola CFA, CEO Nigerian Exchange Limited.

Held as a hybrid event, the inaugural capital market conference featured a long list of policy makers and business leaders across the public and private sectors in the country, including the Vice President, Federal Republic of Nigeria, His Excellency, Professor Yemi Osinbajo, SAN, who headlined the conference; Chairman, BUA Group, Alhaji Abdul Samad Rabiu, CON, Chairman of the Conference; Senate President, Federal Republic of Nigeria, Senator, Ahmad Ibrahim Lawan Ph.D, CON, represented by the Senator Ibikunle Amosun, Chairman, Senate Committee on Capital Market; Speaker, Federal House of Representatives, Federal Republic of Nigeria, Honourable Femi Gbajabiamila; Chairman, House Committee on Capital Markets, Federal House of Representatives, Federal Republic of Nigeria, Honourable Babangida Ibrahim; Dr. Kayode Fayemi, Executive Governor, Ekiti State and Chairman Nigeria’s 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, Chairman, Coronation Capital; Mr. Oscar N. Onyema, OON, Group Managing Director/Chief Executive Officer, NGX Group Plc;  Mrs. Cathrine Echeozo, Director, Guaranty Trust Holding Company (GTCO); and the Honourable Minister of Finance, Budget, and National Planning, (Dr) Zainab Ahmed,  among others.

While delivering his address as Keynote speaker at the conference, Vice President, Federal Republic of Nigeria, His Excellency, Professor Yemi Osinbajo, SAN, lauded the digitization efforts of NGX and urged The Exchange to continue to collaborate with all government agencies and regulators, such as the Central Bank, the Securities and Exchanges Commission (SEC) and National Pension Commission (PENCOM) amongst others to ensure that the excessive risk premium of the capital market are abated and foreign investors are strongly reassured of foreign investment mechanisms and other regulations that would help them channel their resources in and take them out with the least 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 Africa Continental Free Trade Area (AFCTA). The macroeconomic environment and the regulatory regime present unprecedented opportunities, as heralded by the inaugural Capital Markets Conference,  to bring in more retail investors, deepen the market and positively impact the livelihoods of Nigerians” Osinbajo said.

Also speaking at the conference,  Chairman, NGX, Mr. Abubakar Balarabe Mahmoud, SAN, said the Nigerian capital market has the capacity to drive economic development and wealth creation through innovation and digitalization. “As shown by the conclusion of diverse speakers and panelists, an elevated capital market can strongly contribute to the government’s developmental agenda especially around the improvement of the economy”, Mahmoud concluded

The inaugural NGX Capital Markets Conference is the first in the series of events to catalyse the capital market of the future, that sustainably leverages technology to champion the infrastructural development and the economic growth of the country.

Capital Market

NGX, GRI, PRI Set To Host Webinar On Responsible Investing

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in collaboration with Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) is set to host a webinar on the role of ESG metrics and data in enabling responsible investing, on Wednesday, 29 June 2022, at 11:00 am (WAT).

The webinar themed, “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, is aimed at investors, companies, market regulators, and practitioners interested in understanding ESG metrics/data required by investors to make sound investment decisions. 

The interested participant can register for the free webinar on https://bit.ly/ngx_erid

Speaking about the event, the Divisional Head, Business Support Services, NGX, Irene Robison-Ayanwale, noted that; “The increase in sustainable and responsible investment has put ESG metrics higher up on the list of performance considerations, as many investors now prefer to use their money to create change in the world. Investors increasingly rely on a wide range of ESG data when deciding where to invest their money. The webinar which is in line with the Exchange’s commitment to foster the growth of long-term sustainable finance in the Nigerian capital market will drive conversations on how decision-useful ESG data plays a key role in investment decisions”. 

Confirmed speakers at the webinar include Temi Popoola, CEO, Nigerian Exchange Limited; Chinua Azubike, CEO, InfraCredit; Dave Reubzaet, Director, Capital Markets, GRI; Darron Scorgie, Head of Africa, Signatory Relations, PRI; Temilade Aduroja, Head of Investor Relations, Dangote Cement Plc, Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited and Nicole Martens, Senior Stewardship Professional, Old Mutual Investment.

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Capital Market

NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in partnership with Global Reporting Initiative (GRI) Africa, and Principles for Responsible Investment (PRI), has announced to hold a webinar tagged Empowering Responsible Investing through Data Metrics and ESG Integration’, scheduled to hold on Wednesday, 29th June at 11:00 am-12:30 pm WAT.

As part of the Exchange’s initiatives to foster the growth of long-term sustainable finance, the webinar will drive conversations on how ESG data plays a key role in investment decisions. 

The session will also deepen investors, companies, market regulators, and practitioners’ knowledge in understanding ESG metrics and data in order to make informed choices.  

Register now for free: https://bit.ly/ngx_erid

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NGX CEO, Temi Popoola Reassures Stakeholders Of NGX’s Commitment To Lead Charge In Unlocking Capital For Sustainable Earth

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World Environment Day - Only One Earth

World Environment Day – Only One Earth; June 5th, 2022

Olushola Okunlade Writes

Mr. Temi Popoola, CFA Chief Executive Officer, Nigerian Exchange (NGX) Limited has reassured stakeholders of NGX’s commitment to lead the charge in unlocking capital for sustainable earth on World Environment Day, June 5, 2022.

Popoola said: “We live in a world where the top global risks, in terms of likelihood, are associated with a looming environmental and climate crisis. The impacts of climate change such as warming temperatures, change in precipitation, and an increase in the frequency or intensity of some extreme weather events are expected to have a significant impact on global food value chains.

“Securities exchanges are uniquely positioned at the heart of the financial industry, facilitating the effective and efficient allocation of resources for the purpose of economic growth and development. As the sustainable Exchange championing Africa’s growth, NGX has a unique opportunity to advance sustainable development and combat climate change by fostering the growth of long-term sustainable finance in new ways that reflect the times that are characteristic of the world we live in today. Accordingly, NGX collaborated with Debt Management Office (DMO) and the Federal Ministry of Environment, in developing Africa’s first fully certified green bond, the debut Federal Government Sovereign ₦10.69 billion Green Bond, and the Exchange is positioned to deliver more impact through sustainable finance”.

In his statement, NGX’s CEO said: “As we celebrate World Environment Day today, with the theme “Only One Earth”, I would like to reassure you of NGX’s long-standing commitment to fostering the growth of long-term sustainable finance in Nigeria. I look forward to your unwavering support as we work to build a new normal that would help accelerate the achievement of sustainable development and climate change priorities across Africa and a world where we can live sustainably in harmony with nature.”

Please read my letter reassuring our stakeholders of NGX’s commitment to lead the charge in unlocking capital for a sustainable Earth

Happy World Environment Day!

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