NGX to attract digital sector with ingenious products

The Nigerian Exchange (NGX) has established a digital and technology products advisory panel as part of efforts to advance its digital transformation agenda.

The panel would provide a forum for the Exchange to interact with the capital market community and the fintech ecosystem to enhance and increase NGX’s digital product offerings.

Chief Digital Officer, Nigerian Exchange (NGX), Dr. Olufemi Oyenuga, yesterday stated that the responsibilities of the panel included providing insight into product innovation and proposing ways to increase technology listings on NGX.

“Technology and innovation are the driving forces of progress, and at NGX we are committed to leveraging both to transform the Exchange into a leading force of product development in the capital market.

“With the establishment of the committee, we are poised to explore new frontiers, pool groundbreaking ideas, and strategies, and unlock exciting opportunities for the future addressing creativity, innovation, and sustainability,” Oyenuga said.

According to him, the panel will also be recommending ways to boost data and digital market liquidity; providing thought leadership by developing whitepapers, creating frameworks, and making recommendations while also supporting the Exchange with other advisory matters like market trends, risks, and sentiments.

He noted that the Securities and Exchange Commission (SEC) had approved the rules for listing on the NGX Technology Board in December 2022, adding that the creation of the committee is part of a continuous process to further scale the capacities of NGX in the technology ecosystem.

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