On Thursday, December 9, 2021, The Nigerian Capital Market witnessed a monumental milestone as NG Clearing Limited, the first Central Counterparty in West Africa, formally launched her operations.
The launch of NG Clearing as a CCP means that exchange-traded derivatives are now a possibility in the Nigerian Capital market. As a Financial Market Infrastructure (FMI), NG Clearing facilitates the clearing and settlement of exchange-traded derivatives, management of counterparty risk, reduction of systemic risk, and promotion of the safety and integrity of Nigeria’s capital market. This opens new and clear opportunities for investors, stakeholders, and other players in Nigeria’s capital market. Read more