NGX vows to transform financial services through technology – Vanguard

Nigerian Exchange (NGX) has vowed to transform the financial services space through technology with a keen focus on the Nigerian capital market that can boost the advancement of the Nigerian economy.
The Exchange stated this at its inaugural TechNovation Conference held virtually with the theme: ‘Technology, Platforms and Markets.’
Speaking during the conference, the Chief Executive Officer, NGX, Mr. Temi Popoola said: “The conference is particularly important to us at NGX because we have stepped into an era that signals a new horizon of opportunities. NGX is a technology powerhouse that leverages smart business models to deliver vertical platforms across capital formation, investment, capacity building, market development and a plethora of other services within the capital markets ecosystem. We are committed to developing innovative solutions that drive, not just internal efficiency at the Exchange but that support wider efforts by various stakeholders at ensuring a full digitalization of the Nigerian capital markets. We are extending our platform competencies in line with our strategic aspirations while leveraging best in class digital innovation to deliver value to our stakeholders and markets.”
READ ALSOCapital gains in stocks hit 7-month high at N1.2trn
In giving his goodwill message at TechNovation, the Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda stated, “I would like to begin by commending Mr. Temi Popola, CEO, NGX and his team for putting together and event like this which shows our resilience as a people and ability to face challenges. The theme    of today’s conference, Technology, Platforms and Markets indeed captures the mood in world today and the inevitable coming together of the three segments in view of the COVID-19 pandemic which has forced us all to stretch possibilities and adopt new ways of performing our functions. These recent shifts certainly pose a challenge and a huge opportunity to both financial sector regulators and conventional financial services providers like NGX. It is, therefore, important that we facilitate conversations like this to ensure we strike the right balance between innovation, integrity and protection of investors, without whom there will be no markets”.
In his keynote address, Co-Founder and CEO, Flutterwave, Olugbenga Agboola, noted: “As of today, we are in the information age where technology is leapfrogging every business model and infrastructure we can think about. This has of course facilitated growth that we see across the landscape in different terrains. A key driver in the proliferation of technology solutions in Nigeria has been mobile penetration and we expect to see continued growth in this regard. Against the backdrop of evolving solutions, African startups have raised over $1billion in funding which is unprecedented for technology companies.”