Popoola emphasised the potential for NGX and LCCI to work
together in promoting the advantages of listing for non-listed corporates,
while also calling on LCCI to work with NGX Regulation on regulatory
compliance, governance, and knowledge sharing.
Regarding retail participation, Popoola highlighted NGX’s
plan to leverage technology to engage millions of Nigerians in the market. He
drew parallels with the banking industry’s success in acquiring millions of
customers through digitisation and Fintech collaborations, indicating NGX’s
readiness to partner with Fintechs to increase retail investor participation.
He further noted that NGX remains committed to building a
thriving market and promoting innovative solutions that provide a globally
competitive platform for issuers to raise capital, and investors to meet their
financial objectives. “This commitment drives the Exchange to continuously seek
strategic partnerships with key stakeholders”.
On his part, Michael Olawale-Cole, president, LCCI,
expressed enthusiasm about collaborating closely with NGX. He commended NGX for
its achievements and reiterated LCCI’s commitment to working together to
enhance the exchange’s operations, adding that, “We will work on signing an
MoU; including developing action plans and timelines for a more vibrant
partnership for the sustainable development of the Nigerian capital market”.