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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!

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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Popoola Canvasses For Increased Investment Toward Sustainable Development Goals

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NGX Inducts 117 New Authorised Dealing Clerks

Popoola canvasses for increased investment toward the Sustainable Development Goals

Olushola Okunlade Writes

The Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola, has canvassed for an increase in long-term sustainable finance to achieve the Sustainable Development Goals in Sub-Saharan Africa.

Popoola made this known while speaking as a panelist at the CEO Breakfast Roundtable hosted by United Nations Global Compact Network Nigeria, during the visit of Sanda Ojiambo, Assistant Secretary-General of the United Nations Global Compact, to secure the commitment of the leadership of the Nigerian private sector to the UN Global Compact Africa Strategy.

Highlighting the unique role played by securities exchanges within the global capital market in driving progress towards sustainable development, Popoola said, “Securities exchanges have a critical role to play in the reallocation of capital towards the achievement of the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, particularly in Sub-Saharan Africa (SSA) where countries are lagging behind all other regions in various development indicators. At NGX, we remain committed to fostering the growth of sustainable financial products that integrate the financial risks and help issuers leverage the opportunities associated with the SDGs, the fight against climate change”.

Speaking on NGX’s role in fostering the growth of sustainable finance in Nigeria, he highlighted the role of the Exchange in developing Nigeria’s green bond market. He said, “NGX, has over the years, played a leading role in developing financial instruments that address sustainable development and promote financial inclusion in the Nigerian capital market. In recognition of Nigeria’s climate finance needs and the urgent action required to combat climate change as enshrined in the Paris Agreement on Climate Change, the Exchange, in 2016, championed efforts along with government and industry stakeholders that culminated in the issuance of the maiden N10.69Bn (c. $25.8 million) 13.48% 5-year green bond in 2017. The Exchange also played a leading role in promoting the development and issuance of the Federal Government of Nigeria (FGN) Ijarah Sukuk which has proven to be a highly attractive instrument that supports inclusion from Nigeria’s ethical investors and sharia-compliant investors who have a stronger preference for non-interest-based instruments”.

Speaking on NGX’s continuous support for developing the sustainable finance market in Nigeria, Popoola cited the Exchange’s collaboration with International Finance Corporation (IFC) to build the capacity of potential green bond issuers in Nigeria. He said, “NGX has partnered with IFC to train issuers and market operators on the issuance of sustainable financial instruments. Through the training, NGX and IFC shared best practices in sustainable finance issuance, and educated potential issuers on the unique characteristics of green social and sustainable bonds, the specific advantages of each instrument, as well as the detailed step-by-step process for issuing these instruments”.

Popoola stressed the need for collaboration to ensure the SDGs are met by the 2030 deadline. He commended the United Nations Global Compact on the recent launch of the Africa Strategy and encouraged private sector leaders to support the initiative. “The Africa Strategy aspires to recruit and support the 100 most exemplary companies in Africa along with the top ten companies present in each of the ten countries where a Local Network is operating. Business leaders should support the United Nations Global Compact Africa Strategy to develop innovative financing solutions to deliver impact towards achieving the SDGs in Africa”, he added.

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