Nigerian Exchange Limited has said that it is collaborating with the Lagos Chamber of Commerce and Industry to boost capital market participation and enhancing capacity development to the benefit of economy.
The proposed collaboration was disclosed at the 135th year anniversary of the LCCI celebrated by NGX with a closing-gong ceremony on the NGX.
Commenting at the ceremony, the Chief Executive Officer, NGX, Temi Popoola, highlighted 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.
Popoola stated thus:
“The NGX plans to leverage technology to engage millions of Nigerians in the market.”
The NGX remained committed to building a thriving market and promoting innovative solutions that provided 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”
Commenting on the partnership, the President of LCCI, Michael Olawale-Cole, stated thus
“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.”