The Group Managing Director and Chief Executive Officer, of Nigerian Exchange Group Plc, Mr Temi Popoola have noted that the Exchange is working with the regulator to review its listing rules aligning them with global markets such as London to attract a more diverse array of businesses to the Exchange.
Disclosing this in a statement, whilst addressing leaders of exchanges from across the globe at the working group committee meeting of the World Federation of Exchanges hosted by Deutsche Boerse in Frankfurt Germany, he stated that the Exchange strategy also involves deeper intentionality to collaborate with the government in enhancing listing incentives.
According to him, a prime example is the prioritization of listed companies in government procurement processes.
“Recognizing the importance of government advocacy historically, our strategy involves deeper intentionality to collaborate with the government in enhancing listing incentives.
“Working with the regulator, we intend to review our listing rules aligning them with markets such as London to attract a more diverse array of businesses to the Exchange.
“We recognize the stark contrast between the investors currently engaged in the capital market and the vast potential represented by the 65 million banking accounts in Nigeria. Our vision is to bridge this divide, onboarding millions into the capital market and fostering financial inclusion on an unprecedented scale.” he said.
Speaking on the investments in technology, the GMD/CEO explained that the Group is exploring deepening data revenue generation and engaging market infrastructure stakeholders from the CCPs to the CSDs in meaningful API conversations to further strengthen agility.
He highlighted other various plans by the exchange group to revamp its technology infrastructure, attract listings, and enhance retail investors’ participation and foreign capital inflows.
