Popoola, Yuguda, Agboola Chart Course for Technological Advances in Nigeria’s Capital Market

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Friday 01 Oct 2021 / 8:32 PM / by NGX / Header image credit: NGX

Nigerian Exchange (NGX) Limited brought together a caste of leading industry experts to scale the digital transformation of the financial services space with a focus on the Nigerian capital market at its inaugural NGX TechNovation conference. The technology, platforms and markets virtual event was held on Thursday, September 30, 2021 and featured critical discussions around technology, partnerships and innovation that can drive the advancement of the Nigerian economy.

Speaking at the conference, NGX CEO Mr. Temi Popoola, CFA said, “The conference is particularly important to us at NGX as we have entered an era that heralds a new horizon of opportunity. NGX is technological power. that harnesses smart business models to deliver vertical platforms through capital formation, investment, capacity building, market development and a plethora of other services within the capital markets ecosystem . which support the broader efforts of various stakeholders to ensure a full digitization of the Nigerian capital markets. We extend the skills of our platform in line with our strategic aspirations while leveraging best-in-class digital innovation to deliver value to our stakeholders and markets. “

In giving his goodwill message to TechNovation, the Managing Director of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda said: “I would like to start by congratulating Mr. Temi Popola, CEO of NGX and his team for organizing and hosted an event like this which shows our resilience as a people and our ability to meet challenges. The theme of today’s conference, Technology, platforms and markets indeed captures the mood in today’s world and the inevitable coming together of the three segments in view of the COVID-19 pandemic which has forced us all to expand our possibilities and adopt new ways of performing our functions . These recent changes certainly represent a challenge and a huge opportunity for both financial sector regulators and mainstream financial service providers like NGX. So it’s important that we have conversations like this to make sure we strike the right balance between innovation, integrity and investor protection, without whom there will be no markets. “

This was immediately followed by the opening remarks by co-founder and CEO, Flutterwave, Olugbenga Agboola, who said: “Today we are in the information age where technology is beyond anything. business models and infrastructure we can think of. has of course facilitated the growth we see across the landscape on different terrains. One of the main drivers of the proliferation of technology solutions in Nigeria has been mobile penetration and we expect continued growth in this regard. In the context of evolving solutions, African startups have raised over $ 1 billion in funding, which is unprecedented for tech companies. The industry needs to recognize, however, that funders and regulators are the biggest stakeholders who need to work together to drive digitization across Africa and provide a platform for capital raising and global recognition for them. Nigerian companies at all stages. “

The event also featured a presentation from Africa Fintech Network President Dr Segun Aina, who commented as follows: 2 Congratulate NGX Limited for hosting this conference as it shows an ongoing commitment to digital initiatives that can reposition and improve the Nigerian capital market and secure its leadership position not only in Africa and the world. I would also like to recognize NGX’s contributions to the Fintech Association of Nigeria of which it is an early member and continues to contribute and leverage its members and also support the growth of the Nigerian capital market. “

NGX TechNovation was a truly inspirational event with two panel sessions that provided insight on a wide range of topics. The theme of the first panel session was, The path to exponential growth – New technologies, platforms, emerging markets, stressed, the need for stakeholders to take a proactive and deliberate approach to build an infrastructure that will support the growth of technology companies and the adoption of innovative solutions in operating businesses and creating value within the company. industry. The panel included the founder and general partner of Future Africa, Iyin Aboyeji; Partner, McKinsey & Company, Topsy Kola-Oyeneyin; Country Manager, Opay Nigeria; Head of Division, Registration Activities, NGX, Mr. Olumide Bolumole; with Director, Frontier / SSA Banks & FinTech Equity Research, Renaissance Capital, Adesoji Solanke as moderator.

The second session of the day focused on the subject, Beyond Tech – Partnerships, Business Models, Innovation, Data and Regulation and underscored the interdependence of stakeholders within the business ecosystem which requires deep stakeholder engagement and forward-thinking partnership and collaborations to harness competitive advantage across the spectrum. The speakers were Executive Commissioner (Operations), Securities and Exchange Commission, Dayo Obisan; Founding Partner, Ventures Platform, Kola Aina; Chairman and CEO and co-founder, F10, Andreas Itern; Principal Ambassador, Seedstars Nigeria, Alessia Balducci; Partner, Microtraction, Chidinma Iwueke; with Director of Customer Experience, Interswitch Group, Oremeyi Akah as moderator.

Showcasing NGX’s technology investments over the years, NGX TechNovation presented a video production on the range of products and services that NGX provides by leveraging technology for the benefit of its various stakeholder groups.

Watch the video


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Proshare Nigeria Pvt.  Ltd.

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