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NGX Technovation Conference

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Nigerian Exchange (NGX) Limited is set to host the inaugural edition of its TechNovation Conference on Thursday, 30 September 2021.
NGX TechNovation Conference is a flagship event that provides a platform for local and global technology leaders to syndicate conversations around technology, partnerships, and innovation that can advance technology adoption in the Nigerian capital market.
With the theme, “Technology, Platforms and Markets”, the event will be hosted by the Chief Executive Officer (CEO), Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, CFA and will feature leading industry experts across the public and private sectors including the Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda; Dr. Segun Aina, President, Africa Fintech Network; and Olugbenga Agboola, Co-Founder and CEO, Flutterwave.
Key topics to be addressed during the conference are: The Future is Digital – Digital Transformation, New Tech and Emerging Markets; The Path to Exponential Growth – New Technology, Platforms, Emerging Markets, Data & Regulation; and Beyond Tech – Partnerships, Business Models and Innovation. Interested participants can register online at www.ngxgroup.com/ngx-tech-con.
Some of the other confirmed speakers at the event include; Iyin Aboyeji, Founder & General Partner, Future Africa; Bayo Adekanbi, Chief Transformation Officer, Data Science Nigeria; Dayo Obisan, Executive Commissioner (Operations), SEC; Abasi Ene-Obong, CEO, 54Gene; Oremeyi Akah, Chief Customer Experience Officer, Interswitch; Ini Akpan, Country Manager, Opay; and Andreas Itern, Co-Founder & CEO, F10.
The advancement and exponential growth of technology around the world has signaled a new wave of opportunities for forward thinking organisations. NGX remains committed to leveraging technology to provide a broad range of services including but not limited to smart capital formation. TechNovation will, therefore, serve as a platform that can create opportunities for smart business leaders looking to tap into the next level of growth and competitive advantage.

Agenda

Time Activity 
10:00am – 10:10am Welcome Address – New Era, New Opportunities – Temi Popoola, CFA – CEO, Nigerian Exchange Limited (NGX) 
10:10am – 10:20am Goodwill Message – Lamido Yuguda – DG, Securities and Exchange Commission (SEC) 
10:20am – 10:40am Keynote Address:  Olugbenga Agboola – Co-founder and Chief Executive Officer, FlutterwaveTopic: The Future is Digital – Digital Transformation, New Tech and Emerging MarketsSession’s Opening Remarks – The Future is Here!Dr. Segun Aina – President, Africa Fintech Network 
10:40am – 11:10am 1st Panel SessionTopic: The Path to Exponential Growth – New Technology, Platforms, Emerging Markets, Data & RegulationPanelistsDayo Obisan – Executive Commissioner (Operations), SECAndreas Itern – CEO & Co-Founder, F10Olubayo Adekanmbi – Chief Transformation Officer, Data Science Nigeria
Moderator – Akin-Olusoji Akinyele – Head, Branch Network & Government Relations, NGX Limited		 
11:10am – 11:20am Questions and Answers 
11:20am – 11:30am Presentation 2: NGX Tech Stack Showcase; (Documentary Format)Topic: Technology and Resilience 
11:30pm – 12.00pm 2nd Panel SessionTopic: Beyond Tech – Partnerships, Business Models and Innovation. (including Regulatory Insights)PanelistsDr. Femi Oyenuga – Chief Digital Officer,NGX LimitedIniabasi Akpan – Country Manager, Opay NigeriaAbasi Ene-Obong, PhD – Chief Executive Officer, 54GeneIyin Aboyeji – Founder & General Partner, Futures Africa
Moderator – Oremeyi Akah, Chief Customer Success Officer, Interswitch Group		 
12:00pm – 12:10pm Questions & Answers 
12.10pm – 12:15pm Closing Remarks/Vote of Thanks – Tosin Beredugo NGX 
Closing/Networking
Source: NGX Group: https://ngxgroup.com/ngx-tech-con/
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Oscar N. Onyema Elected to the Board of World Federation of Exchanges

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (“NGX Group”) Plc, Mr. Oscar N. Onyema, OON, has been elected to the Board of World Federation of Exchanges (WFE). This decision was reached at the 60th General Assembly and Annual Meeting of WFE on 9 September 2021.

With the election, Onyema will serve on the WFE board for a 3-year term, representing Europe-Middle East-Africa (EMEA) region.

Commenting on the development, Onyema stated that “I am honoured to be elected to the board of the WFE which is the global group for exchanges and clearing houses (CCPs) around the world. This is an important achievement for Nigerian Exchange Group and the Nigerian financial market. It is an indication of our prominent regional and global position and a testament to our contributions to the WFE in respect of our input on issues confronting the African and global capital markets. We are committed to fostering greater synergies between the WFE members and industry partners, and supporting the Federation to consolidate its position as the leading voice for exchanges and clearing houses, amongst global stakeholders”.

Nigerian Exchange Group has been a member of the WFE since 2014 when it made history as the first West African exchange to be granted full federation membership status.

On her part, the Chief Executive Officer, WFE, Ms. Nandini Sukumar noted that “The WFE welcomes Nigerian Exchange Group and Oscar N. Onyema, OON, a leader and thinker, to the Board of Directors.  As an industry, we will all benefit from the perspectives and insights he brings. We look forward to working even more closely with African markets in future and bringing more of them into WFE membership, and the standard that represents.”

The WFE is the global industry group for exchanges and clearing houses (CCPs) around the world, representing over 250 market infrastructures ranging from those that operate the largest financial centres to those that run frontier markets. With extensive experience in developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair, and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. WFE seeks outcomes that maximise the common good, consumer confidence, and economic growth.

Source: NGX

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Nigerian Exchange Group Commemorates 60 Years of Enabling Africa’s Largest Economy

Nigerian Exchange Group (NGX Group or the Group) Plc today celebrates 60 years of enabling Africa’s largest economy as a leading integrated market infrastructure group in Africa. The Group officially commenced operations on 25 August 1961, as the Lagos Stock Exchange, after it was founded on 15 September 1960.
In commemorating the Diamond jubilee milestone, the Group Chairman, NGX Group Plc, Otunba Abimbola Ogunbanjo paid glowing tribute to the original subscribers of the articles of association, who included R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir. Odumegwu Ojukwu; Mr. Akintola Williams and Alhaji Shehu Bukar, as well as John Holt Ltd and Investment Company of Nig. Ltd. (ICON). He stated, “We celebrate the vision of these seven individuals and organisations, who in the Nigerian spirit, broke new ground in starting the Exchange, and we are proud of our sterling history over these six decades. From our humble beginnings when only 19 securities were listed for trading, we are now demutualised and we trade over 300 securities worth about 35 Trillion Naira.”

Appreciating the contributions of the capital market ecosystem, the Group Managing Director/Chief Executive Officer, NGX Group, Mr. Oscar N. Onyema, OON, stated, “We must thank our invaluable stakeholders who have contributed to six decades of growth and partnership. To the trading license holders, issuers, regulators, government and its agencies, media, and other stakeholders, we recognise your support and reiterate our commitment to building a market infrastructure group that supports your business objectives across the entire value chain for many years to come.”
He further commented on the Group’s efforts to build on the existing legacy. “In consonance with the innovative spirit of our founding fathers which has continued to drive our operations, demutualisation has allowed us to transition into a profit-driven, shareholder-held, and globally competitive organisation. Building on six decades of growth and partnership, NGX Group of companies is now positioned to be a key player in strengthening our competitiveness on a larger scale. Our recently launched campaign “The Stock Africa Is Made Of” further encapsulates our commitment to fulfilling the dreams of our founding fathers not only in Nigeria but also in Africa.”
It would be recalled that NGX Group recently refreshed its brand identity in an official launch event headlined by the President of the Federal Republic of Nigeria, His Excellency Muhammad Buhari (GCFR). NGX Group’s new structure boasts three wholly-owned subsidiaries: Nigerian Exchange (NGX) Limited, the operating exchange with Mr. Temi Popoola, CFA as CEO; NGX Regulation (NGX RegCo) Limited, the independent regulation company with Ms. Tinuade Awe as CEO; and NGX Real Estate (NGX RelCo) Limited, the real estate company with Mr. Gabriel Igbeka as acting CEO.

Source: NGX group. https://ngxgroup.com/nigerian-exchange-group-commemorates-60-years-of-enabling-africas-largest-economy/

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Launch of West Africa’s first Exchange Traded Derivatives Receives Further Boost as SEC Approves 7 NGX’s Derivatives Contracts

Nigerian Exchange Limited (NGX or The Exchange) is pleased to announce that it has received approval for seven derivatives contracts from the Securities and Exchange Commission (SEC) on Monday, 28 June 2021. The approved contracts are Access Bank Plc Stock Futures, Dangote Cement Plc Stock Futures, Guaranty Trust Bank Plc Stock Futures, MTN Nigeria Communications Plc Stock Futures, Zenith Bank Plc Stock Futures, NGX 30 Index Futures, and NGX Pension Index Futures. Read more

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Coronation MB Lists N25Bn Bond on NGX

Coronation Merchant Bank Funding SPV Plc has listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited on Wednesday, 30 June 2021. The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation Mb Funding SPV Plc’s One Hundred Billion Naira (N100Bn) bond issuance program. Read more