NGX Group, SEC Deepen Global Partnerships Through Strategic Visit to India

Kayode Tokede

Nigerian Exchange Group, in collaboration with the Securities and Exchange Commission (SEC) Nigeria, has taken a significant step toward enhancing global partnerships within the Nigerian capital market. This was achieved through high-level engagements with the National Stock Exchange (NSE) of India and key players in India’s financial ecosystem.

The two-day visit brought together the leadership of SEC, NGX Group, and NSE to explore shared opportunities and strategies for driving innovation, market expansion, and sustainable growth.

Speaking, Chairman of NGX Group, Umaru Kwairanga, lauded India’s achievements as a global economic powerhouse, drawing parallels between the two nations. He stated, “We congratulate you on your success as a nation and an exchange, but, more importantly, we are here to learn from your experiences as a vibrant, innovative, technology-driven exchange in a bustling economy.”

Director-General of SEC, Dr. Emomotimi Agama emphasised the regulatory benefits of the visit, noting, “Collaborations like these allow us to adopt global best practices in regulating and developing our markets. The insights gained from this engagement will play a critical role in shaping policies that promote transparency, stability, and investor confidence.”

Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola,  reinforced the importance of this collaboration, stating, “This interaction marks a new chapter in our commitment to fostering innovation and driving growth in Nigeria’s capital markets. By learning from the National Stock Exchange of India, a leader in leveraging technology for market development, we aim to enhance our operational efficiency and introduce cutting-edge solutions tailored to our market’s unique needs.”

Managing Director and Chief Executive Officer of NSE India, Ashishkumar Chauhan, expressed pride in the contributions of NSE to India’s economic development. He stated, “We are proud of what NSE has achieved for the Indian economy and government, particularly in increasing retail participation and facilitating capital raising for companies, including small and medium-sized enterprises.