Technology has laid a foundation for the development of capital markets not only in Nigeria, but in Africa.<\/p>\n
This was the view of the Chief Executive Office, Nigerian Exchange Limited (NGX), Temi Popoola when he spoke at the West Africa Capital Market conference which held Wednesday, 25 October 2023 in Eko Hotel, Lagos.<\/p>\n
On the panel themed \u201cDigital Transformation and Infrastructure Development: Leveraging Technology Growth in ECOWAS Region,\u201d Popoola stressed that technology can serve as a good building block for innovation in the capital market.<\/p>\n
He said, \u201cIn December 2021, we had a landmark transaction through technology. It was a secondary share sale in our capital market. It was the first time in the history of our market where on a mobile phone end to end, shares could be bought by retail investors.<\/p>\n
\u201cTwo weeks ago, with Second Stax- a Ghana based company, we facilitated the first ever transaction across borders in a Nigeria \u2013 Ghana bilateral trade.\u201d The NGX CEO said that these examples of technological innovation in the Nigerian bourse demonstrate how critical digital innovation can facilitate capital market growth.<\/p>\n
Earlier, the Chief Digital Officer, NGX, Olufemi Oyenuga made a presentation on how the NGX has been utilizing digitalization to drive the operations of the exchange.<\/p>\n
Credit:https:\/\/ngxgroup.com\/technology-can-foster-the-growth-of-capital-markets-ngx-ceo-popoola\/<\/p>\n","protected":false},"excerpt":{"rendered":"
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