NGX promises to transform financial services through technology

nigerish Exchange (NGX) has vowed to transform the financial services space through technology with a strong focus on the Nigerian capital market that can fuel the advancement of the Nigerian economy.

The stock exchange determined this at its virtual TechNovation conference under the motto “Technology, Platforms and Markets”.

Speaking at the conference, NGX Chief Executive Officer Mr. Temi Popoola said, “The conference is particularly important to us at NGX as we have entered an era that opens a new horizon of opportunity. NGX is a technological powerhouse that leverages intelligent business models to provide vertical platforms for capital formation, investment, capacity building, market development and a host of other services within the capital markets ecosystem. We strive to develop innovative solutions that not only enhance the internal efficiency of the exchange, but also support broader efforts by various stakeholders to ensure full digitization of Nigerian capital markets. We are expanding our platform competencies in line with our strategic aspirations and at the same time using first-class digital innovations to offer our stakeholders and markets added value. “

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In his message of goodwill at TechNovation, the Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, stated, “I would first like to commend Mr. Temi Popola, CEO, NGX, and his team for putting together and hosting this shows our resilience as humans and our ability to meet challenges. The theme of today’s conference, technology, platforms and markets, indeed captures the mood of today’s world and the inevitable coming together of the three segments in the face of the COVID-19 pandemic that has forced us all to expand our possibilities and create new ones Ways to go to our functions. These recent changes certainly present a challenge and a great opportunity for both financial regulators and conventional financial services providers like NGX. So it is important that we facilitate conversations like this to ensure we have the right balance between innovation and integrity and find investor protection without which there will be no markets. “

Olugbenga Agboola, Co-Founder and CEO of Flutterwave, said in his keynote: “Today we are in the information age where technology is overtaking every business model and infrastructure we can imagine. This, of course, has facilitated the growth that we see in the landscape in different terrains. Mobile penetration has been a major driver in the proliferation of technology solutions in Nigeria and we expect continued growth in this regard. With solutions evolving, African startups have raised over $ 1 billion in funding, which is unprecedented for tech companies. “

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