The Group Managing Director and Chief Executive Officer, of Nigerian Exchange Group Plc emphasized the many plans by the Exchange Group to remodel its technology architecture, attract listings, and enhance retail investors’ participation and foreign capital inflows.
According to a statement released by NGX, was stated by the CEO while informing leaders of Exchanges from across the globe at the working group committee meeting of the World Federation of Exchanges hosted by Deutsche Boerse in Frankfurt Germany
Speaking on how to attract retail investors to the market;
“We recognize the stark contrast between the investors currently engaged in the capital market and the vast potential represented by the 65 million banking accounts in Nigeria. Our vision is to bridge this divide, onboarding millions into the capital market and fostering financial inclusion on an unprecedented scale.”
The GMD/CEO said
The influx of listings and foreign capital has become difficult among emerging markets and contributions from other CEOs of exchanges including Kenya and Egypt resonated with the difficulties facing the Nigerian market. The high-interest rate in the United States is a factor contributing to the localization of capital in the country, to the detriment of markets that needed the capital.
“After navigating a challenging eight years with the previous administration, we now find ourselves under a more pro-market leadership. This shift positions NGX for renewed growth and resilience in the evolving economic landscape,”
Popoola said
