The Nigerian Exchange Limited and the Lagos Chamber of Commerce and Industry have agreed to collaborate in advancing advocacy efforts, encouraging listings, and enhancing capacity development to the benefit of both the LCCI and the economy.

The proposed collaboration was disclosed at the closing-gong ceremony on the NGX, to mark the 135th year anniversary of the LCCI on Thursday in Lagos.

The Chief Executive Officer, NGX, Temi Popoola, in his comments, emphasised the potential for NGX and LCCI to work together in promoting the advantages of listing for non-listed corporates, while also calling on LCCI to work with NGX Regulation on regulatory compliance, governance, and knowledge sharing.

On retail participation, Popoola said “The NGX plans to leverage technology to engage millions of Nigerians in the market.”

He noted the banking industry’s success in acquiring millions of customers through digitisation and financial technology collaborations.

Popoola also indicated NGX’s readiness to partner with fintechs to increase retail investor participation.

He said the NGX remained committed to building a thriving market and promoting innovative solutions that provided a globally competitive platform for issuers to raise capital, and investors to meet their financial objectives.

“This commitment drives the Exchange to continuously seek strategic partnerships with key stakeholders,” he said.

On his part, the President, LCCI, Michael Olawale-Cole, expressed enthusiasm about collaborating closely with NGX.

He said, “We will work on signing an MoU; including developing action plans and timelines for a more vibrant partnership for the sustainable development of the Nigerian capital market.”

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