SEC, PENCOM, NGX host webinar on securities lending

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Lagos, Aug. 4, 2023 – Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and National Pension Commission (PENCOM) is holding a webinar on Securities Lending on Aug. 9

A statement from the Nigerian Exchange (NGX) on Friday, said the webinar, with the theme: Business Facilitation Act 2023 as a catalyst for deepening Securities lending in Nigeria, would bring together various stakeholders, including retail and institutional investors, Pension Funds Administrators, Fund Managers, ETF Issuers, Trading License Holders, Regulators, and intermediaries in the Nigerian capital market.

It said participants would have the opportunity to gain insights into the securities lending landscape, product features, benefits for investors and intermediaries and the broader capital market. 

To participate, interested individuals can register for the free webinar at  

The event will be supported by the Central Securities Clearing System Plc (CSCS), Cardinalstone, Stanbic IBTC Nominees, and the Pension Fund Operators Association of Nigeria (PENOP).

It boasts of an impressive lineup of speakers offering insights and expertise from various sub-sectors of the Nigerian financial landscape.

Among them are Mr. Temi Popoola, the Chief Executive Officer of NGX; Mr. Babatunde Majiyagbe, the Chief Executive Officer of Stanbic IBTC Nominees and Mr. Abdulkadri Abass, the Director of Registration, Exchanges, Market Infrastructure, and Innovation at SEC.

Others are Mr. Oguche Agudah, the Chief Executive Officer of PENOP, and Mr. Ibrahim Kangiwa, the Head of Investment Supervision at the National Pension Commission (PENCOM).

Securities lending is the market practice of temporarily transferring securities, for a fee, from their holder (the lender) to another party (the borrower), with the borrower agreeing to return the securities to the lender either on-demand or at the end of the agreed loan term. T

This practice usually requires the borrower to collateralize the transaction with cash or other securities of a value equal to or greater than that of the lent securities in order to protect the lender against counterparty credit risk. ​

Securities lending plays an important role in capital markets by providing liquidity, which in turn, reduces the cost of trading and promotes price discovery. (GBN)

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