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NGX will promote wealth creation, financial inclusion for Nigerians – CEO

“I believe that these objectives are motivators and give real purpose to ensuring that the capital market is crucial in achieving financial inclusion and wealth creation for Nigerians.”

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Temi Popoola, the Chief Executive Officer of the Nigerian Exchange Limited (NGX), has promised that the organisation would promote wealth and financial inclusion for Nigerians.

Popoola who made the promise in an interview with ThisDay Newspaper said: “I was responsible for growing revenues in a risk-controlled manner, by identifying and capitalising on new business lines within the capital markets.

After my time at UBA, I worked as Head of Sales and Trading at CSL Stockbrokers, a subsidiary of First City Monument Bank (FCMB), and I was in that role for five years.

In this position, I provided leadership of the securities business and facilitated the flow of foreign capital into the Nigerian economy through foreign direct and foreign portfolio investments.

I was most recently the Chief Executive Officer(CEO), West Africa for Renaissance Capital, a Moscow headquartered, frontiers and emerging market-focused Investment Bank.

In this role, I delivered strategic leadership of the West Africa business with direct accountability for leading teams dispersed across various countries such as Russia, South Africa, Nigeria, and the UK.

The opportunity to lead the NGX has been a remarkable journey so far. With the demutualisation, we are strategically positioning the NGX for sustainable growth.

As we work towards creating a commercially agile and profit-driven institution responsible for building a resilient economy for the Nation, we have clear objectives to deepen the growth of the capital market and provide optimal returns for shareholders.

“I believe that these objectives are motivators and give real purpose to ensuring that the capital market is crucial in achieving financial inclusion and wealth creation for Nigerians.”

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Speaking about plans for driving digital transformation in NGX, he said: “As you are aware, the exchange is a business to business (B2B) which means that we will need to collaborate with various stakeholders to ensure a digital transformation of the markets which has a business to customers (B2C) part of it.

“We will also look to adopt technologies that have been proven to work locally, especially within the banking sector.

The ultimate solution is one where individuals can gain access to the exchange’s products in a matter of minutes in a manner consistent with global standards.

“The NGX also plans to be an active part of the nation’s technology ecosystem and partner with key stakeholders to achieve and promote continuous digital transformation.

“ We also can actively support advocating for policies to create more value positions leveraging technology for our existing listings.”

 

 

 

 

 

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