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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.

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NGX Holds Biggest Capital Markets Awards On December 6, 2022

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NGX Holds Biggest Capital Markets Awards On December 6, 2022

…NGX Made of Africa Awards of The Year

Olushola Okunlade Writes

The NGX Made of Africa Awards is set to hold on Tuesday, 6 December 2022 in Lagos.

The hybrid event themed “Innovation in Capital Markets: The Panacea for Exponential Growth”, will bring together key stakeholders in the capital market.

The Made of Africa Awards is designed to recognise organisations and individuals within the capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact and act as key drivers in strengthening the Nigerian and African capital markets. The Awards will also reward adherence to high ethical standards, compliance with the rules and regulations of the Exchange, and other applicable laws and regulations.

Register HERE to join the event virtually.

 

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NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

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NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX) hosted the Chartered Institute of Stockbrokers (CIS) to Closing Gong ceremony to commemorate the Institute’s 30th anniversary alongside the reopening of the trading floor of the market on Monday, 7 November 2022.

The Chairman, NGX, Abubakar Mahmoud, SAN, OON, whilst giving his remarks congratulated the Institute for its contribution to upholding integrity and ethics in the capital market while promoting and protecting the interests of the stockbroking community. He also thanked stockbrokers for their cooperation with NGX, attributing the successful record of trading with zero downtime to a combination of NGX’s investment drive in technology and the collective agility and collaboration between the Exchange and the stockbroking community.

He said, “Thirty years of excellence is no small feat and at the Exchange, we recognise the significance of CIS to the capital market as it engenders commitment to the highest standards of service and professionalism. Its advocacy initiatives and support for the stockbroking and investment practice in Nigeria is notable and worthy of celebration.

“Moving forward as the Exchange, we plan to leverage our shared history and cordial relationship with CIS to further drive growth and value creation in the capital market. NGX wishes the Institute many more years of excellence as it continues to markedly enhance the Nigerian capital market and the broader economy.”

NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor
Left-Right: Patrick Ajayi, Director, Nigerian Exchange Group; Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group Plc; Oluwole Adeosun, FCS, President, Chartered Institute of Stockbrokers (CIS); Mr. Abubakar Mahmoud, SAN, OON, Chairman, NGX; Haruna Jalo-Waziri, Chief Executive Officer, Central Securities and Clearing System (CSCS) Plc and Tinuade Awe, Chief Executive Officer, NGX Regulation Limited during the Closing Gong Ceremony commemorating CIS 30th year Anniversary and the Re-opening of NGX Trading floor at The Exchange on Monday, 7 November 2022 in Lagos.

The Chairman, NGX Group, Alhaji Umar Kwairanga during his remarks noted that it was to the credit of NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group, and the stockbroking community that trading flowed seamlessly during the forced closure period. He however said, “I also know how physical interactions matter to us brokers and will continue to make sure that we see the impact of us coming back to the trading floor.

“We are also marking this alongside the ceremony commemorating our 30th anniversary and I hope that this is just the beginning of the greater collaboration between brokers, NGX Group as a whole, and the capital market,” he added.

Complementing the Chairmens’ comments, the Chief Executive Officer, NGX, Mr. Temi Popoola said, “NGX will continue to support the initiatives of the institute and cooperate for the further advancement of the capital market.”

The President and Chairman of the Governing Council of CIS, Mr. Oluwole Adeosun underscored the longstanding relationship between CIS and the Exchange. He promised that the Institute would continue to cooperate with NGX Group in its new structure. “A lot has been achieved from the initial foundation built by NGX for CIS. For 32 months, we have been trading seamlessly remotely due to the investments NGX made. We the operators express gratitude to the Exchange and believe we are definitely poised to achieve more together onward.”

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NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

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NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

….International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 – Chiemeka

Olushola Okunlade Writes

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

NGX advised the management of International Breweries Plc to sustain its commitment to high standards of corporate governance, social impact, and shareholder value creation.

Divisional Head, Capital Markets, NGX, Mr. Jude Chiemeka while commending the management of International Breweries Plc for leveraging the Facts Behind the Figures platform of the Exchange to increase its engagement with the market and its long-term contributions to socio-economic development in the country since its establishment in 1971 and listing in 1995.

Chiemeka said International Breweries Plc has made other contributions to the social economic development of the communities, “One of such contributions is the Responsible Beverage Service (RBS), a first-of-its-kind intervention program in Nigeria with the objective of contributing to the reduction of alcohol-related harms caused by drunk driving, underage drinking, binge drinking, gender-based violence, and alcohol consumption by pregnant women. This program reiterates the NGX’s mission of bringing people together for a better world.”

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc; Mrs. Tolulope Adedeji, Marketing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

“International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 reaching 36.6 billion naira compared to the same period of 2021. This achievement is a result of hard work and resilience by the management team to maintain the company’s financial performance and total revenue of 104 billion. “We would like to recognise these efforts being made by the Board and Management of International Breweries Plc towards achieving continuity by improving business operations and restoring investor confidence in the company.

“With the fast-changing macroeconomic environment in Nigeria and globally, we encourage International Breweries Plc to continue to strive for sustainability by adhering to higher standards of corporate governance, deeper social impact, higher regulatory compliance, and greater returns for shareholders,” Chiemeka added.

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

The Managing Director/Chief Executive Officer of International Breweries Plc, Mr. Hugo Dias Rocha during his remarks noted that the company would continue to build brands and invest in a sustainable and profitable business for the long term. “Our team is engaged and living in the AB InBev culture of optimising the growth potential of the business and delivering shareholder value,” he added.

Doyen of Capital Market, Alhaji Yusuf urged the management of International Breweries Plc to leverage on frequent facts behind the figures, while commending the progress performance figures, particularly the first half of 2022.

He said moving from being “Category Leader to Category Performer, Category Performer means making money and paying dividends to your investors, you have not been paying dividends to your investors for six years while promising to advise on how to redeem and restructure the debt.

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

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