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‘NGX Regulation committed to value creation for stakeholders’

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NGX Regulation (NGX RegCo) Limited, the independent regulatory company of Nigerian Exchange Group, has assured stakeholders that there will be no diminution in the value that would be created in terms of regulating the market in the current demutualisation era.

Chief Executive Officer, NGX RegCo, Ms. Tinuade Awe, who spoke about the rich 60-year heritage of Nigerian Exchange Group (NGX Group) highlighted that the group along with its entities, continues to provide a platform for issuers and investors to transact across various asset classes and build wealth in a bid to ensure stakeholders achieve their financial objectives.

She said NGX RegCo is empowered to provide its services as an independent regulatory company within NGX Group and will continue to deploy appropriate regulations under the approval of the Securities and Exchange Commission (SEC) of Nigeria both for existing and prospective companies within its ecosystem.

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“We are building on our reputation as a fair market regulator to ensure that investors are protected, players in our market are compliant, and that we maintain the highest levels of transparency and market integrity such that there is confidence in the institutions and individuals that operate in our market.”

Awe also lauded past leaders of the former Nigerian Stock Exchange whose invaluable contributions to the development of NGX Group, the capital market and Nigeria’s financial system are indeed noteworthy.

Meanwhile, the Chief Executive Officer, NGX, Temi Popoola has reiterated its commitment to leveraging technology to digitise securities investment and other market-related transactions.

Popoola, who spoke on the journey of the Exchange in 60 years, said that even though there have been few challenges, NGX has experienced a strong track of growth whether from the view of the number of securities listed now, the types of securities listed and types of business activity.

According to him, the exchange is working closely with the apex regulator, the Securities and Exchange Commission (SEC) to digitise the market and ensure that investors can buy and sell securities conveniently.

He pointed out that the exchange is also working assiduously to coordinate the activities of players across the entire investment value chain and create an experience where a transaction can be initiated and completed within the space of minutes.

He said this is important given that the next generation of investors is typically on their mobile phones.

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