NGX appoints advisory panel on digital technology products

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Lagos, Feb. 8, 2023 – The Nigerian Exchange Limited (NGX) has set up the NGX Digital and Technology Products Advisory Panel as part of its development strategy.  

The panel is to 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.

A statement by the NGX in Lagos on Tuesday said the responsibilities of the panel would also include providing insight into product innovation and proposing ways to increase technology listings on NGX.

The panel is also to recommend ways to boost data and digital market liquidity, provide thought leadership by developing white papers, creating frameworks and making recommendations and a host of advisory matters like market trends, risks and sentiments.

It will be recalled that the Securities and Exchange Commission (SEC) approved the Rules for Listing on the NGX Technology Board in December 2022.

The creation of the panel is part of a continuous process to further scale the capacities of NGX in the technology ecosystem. 

Dr Olufemi Oyenuga, the Chief Digital Officer in NGX, said:  “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 ground breaking ideas and strategies, unlock exciting opportunities for the future addressing creativity, innovation and sustainability.”

The panel members include Tope Kola-Oyeneyin (McKinsey), Iyin Aboyeji (Future Africa), Kola Aina (Ventures Platform), Idris Saliu (Ceviant), Fope Adelowo (Helios Group),  and Richmond Bassey (Bamboo).

Others are Tayo Oviosu (Paga), Wale Ayeni (International Finance Corporation), Ahmad Zuaiter (Jadara Capital Partners LLC) and Adedeji Olowe (LendsQr).

NGX, as the sustainable exchange championing Africa’s development, recognises the potential of diverse viewpoints and aims to leverage the extensive networks of experts across the budding technology ecosystem and the capital market in designing breakthrough frameworks to position itself for global competitiveness.(GBN)

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