NGX is committed to transforming financial services through technology

By Peter Egwuatu

Nigerian Exchange (NGX) is committed to transforming the financial services space through technology with a focus on the Nigerian capital market which can boost the advancement of the Nigerian economy.

The Bourse declared this during its inaugural TechNovation conference, which was held virtually on the theme: “Technology, platforms and markets”.

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Speaking at the conference, NGX CEO Mr. Temi Popoola, CFA said, “The conference is particularly important to us at NGX as we have entered an era that signals a new horizon of opportunity. NGX is a technological powerhouse that harnesses smart business models to provide vertical platforms for capital formation, investment, capacity building, market development and a plethora of other services within the market ecosystem. capital. We are committed to developing innovative solutions that not only boost the internal efficiency of the stock exchange, but that support the broader efforts of various stakeholders to ensure a complete digitalization of the Nigerian capital markets. We extend the skills of our platform in line with our strategic aspirations while leveraging best-in-class digital innovation to deliver value to our stakeholders and markets. “

In giving his goodwill message to TechNovation, the Managing Director of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda said: “I would like to start by congratulating Mr. Temi Popola, CEO of NGX and his team for organizing and organized the event. like this one that shows our resilience as a people and our ability to meet challenges. The theme of today’s conference, Technology, Platforms and Markets indeed captures the vibe in today’s world and the inevitable coming together of the three segments given the COVID-19 pandemic that is affecting us. has all forced us to expand our possibilities and adopt new ways of carrying out our functions. These recent changes certainly represent a challenge and a huge opportunity for both financial sector regulators and mainstream financial service providers like NGX. So it’s important that we have conversations like this to make sure we strike the right balance between innovation, integrity and investor protection, without whom there will be no markets ”.

This was immediately followed by the opening remarks by Co-Founder and CEO, Flutterwave, Olugbenga Agboola, who said: “Today we are in the information age where technology is beyond anything. business models and infrastructure we can think of. This of course has facilitated the growth that we see across the landscape on different terrains. One of the main drivers of the proliferation of technology solutions in Nigeria has been mobile penetration and we expect continued growth in this regard. In a context of evolving solutions, African startups have raised more than $ 1 billion in funding, which is unprecedented for tech companies. The industry must however recognize that donors and regulators are the key stakeholders who must work together to drive digitization across Africa and provide a platform for raising capital and global recognition of Nigerian companies. at all stages.

The event also featured a presentation from the President of Africa Fintech Network, Dr Segun Aina, who commented: “I congratulate NGX Limited for hosting this conference as it shows an ongoing commitment to digital initiatives that can reposition and improve the Nigerian capital market and secure its leadership position not only in Africa and globally. I would also like to recognize NGX’s contributions to the Fintech Association of Nigeria of which it is an early member and continues to contribute and leverage its members and also support the growth of the Nigerian capital market.

The second session of the day focused on the topic, Beyond Technology – Partnerships, Business Models, Innovation, Data and Regulation and highlighted the interdependence of stakeholders within the business ecosystem which requires a Deep stakeholder engagement and forward-thinking partnership and collaborations to harness competitive advantage across the spectrum. Speakers were Executive Commissioner (Operations), Securities and Exchange Commission, Dayo Obisan; Founding Partner, Ventures Platform, Kola Aina; Chairman and CEO and co-founder, F10, Andreas Itern; Principal Ambassador, Seedstars Nigeria, Alessia Balducci; Partner, Microtraction, Chidinma Iwueke; with Director of Customer Experience, Interswitch Group, Oremeyi Akah as moderator.

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