Business and Economy

Nigerian Exchange Limited sets up NGX Digital and Technology Products Advisory Panel for digital technology products

Nigerian Exchange Limited, NGX, has established the NGX Digital and Technology Products Advisory Panel in order to further its digital transformation goal.

The Panel would give the Exchange a platform to communicate with the capital market industry and the fintech ecosystem in order to improve and expand NGX’s digital product offerings.

The Panel’s duties include, but are not limited to, offering insight into product innovation, suggesting ways to boost technology listings on NGX, suggesting ways to increase data and digital market liquidity, providing thought leadership by creating whitepapers, frameworks, and recommendations, and a variety of advisory matters like market trends, risks, and sentiments. Recall that the Rules for Listing on the NGX Technology Board were authorized by the Securities and Exchange Commission (SEC) in December 2022. The committee’s formation is a continuing effort to expand NGX’s capabilities within the technological ecosystem.

The forces of advancement are innovation and technology, and at NGX we are committed to utilizing both to transform the Exchange into a dominant force in capital market product development, says Dr. Olufemi Oyenuga, Chief Digital Officer, NGX. “With the formation of the committee, we are ready to explore new frontiers, pool cutting-edge ideas and methods, and uncover exciting potential for the future addressing creativity, innovation, and sustainability,” the group’s founding statement reads.

Tope Kola-Oyeneyin (of McKinsey), Iyin Aboyeji (of Future Africa), Kola Aina (of Ventures Platform), Idris Saliu (of Ceviant), Fope Adelowo (of Helios Group), Richmond Bassey (of Bamboo), Tayo Oviosu (of Paga), Wale Ayeni (of the International Finance Corporation), Ahmad Zuaiter (of Jadara Capital (LendsQr).

In order to position itself for global competitiveness, NGX, the sustainable exchange advocating Africa’s development, recognizes the potential of various points of view and intends to make use of the vast networks of professionals across the capital market and the developing technology ecosystem.

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