Bridging the Gap: NGX Chair Calls for More Nigerian Investors in the Capital Market
Bridging the Gap: NGX Chair Calls for More Nigerian Investors in the Capital Market
Details:
The Chairman of the Nigerian Exchange Group Plc, Umaru Kwairanga, has expressed concern over the low participation of Nigerians in the capital market, calling the current investor numbers unacceptable given the nation’s population size. Speaking at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria in Lagos, Kwairanga highlighted critical challenges and proposed solutions to drive market growth.
Key Insights:
1. Low Market Penetration:
Despite Nigeria’s population of over 200 million, less than 5% of adults are engaged in the capital market. Kwairanga emphasized the need to increase awareness and participation, especially among the youth.
2. Digital Transformation:
Recognizing Nigeria’s leadership in digital adoption, including cryptocurrency and blockchain, Kwairanga noted that younger generations prefer seamless, paperless processes. He lauded recent technological advancements like the NGX Invest platform, which simplifies public offerings and has already facilitated over ₦1.26 trillion in capital-raising efforts for leading banks.
3. Verification Bottlenecks:
Kwairanga urged the Central Bank of Nigeria to simplify verification processes, enabling quicker access for investors eager to capitalize on market opportunities.
4. Journalists’ Role:
Stressing the importance of accurate reporting, Kwairanga called on capital market correspondents to uphold high standards in journalism. He highlighted the role of the media in building trust and fostering informed decision-making among investors.
Notable Achievements:
In just six months, the Nigerian Exchange Group has achieved unprecedented growth in investor numbers—doubling or tripling participation levels that previously took 20 years to accomplish.
Call to Action:
Kwairanga reiterated NGX Group’s commitment to creating a transparent and inclusive market ecosystem, urging all stakeholders to collaborate in bridging the gap between issuers and investors.
Closing Note:
The conference, themed “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Capital Market,” underscored the need for long-term strategies to ensure robust market growth.
A vibrant capital market is within reach if stakeholders prioritize accessibility, transparency, and youth-focused innovations!
Details:
The Chairman of the Nigerian Exchange Group Plc, Umaru Kwairanga, has expressed concern over the low participation of Nigerians in the capital market, calling the current investor numbers unacceptable given the nation’s population size. Speaking at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria in Lagos, Kwairanga highlighted critical challenges and proposed solutions to drive market growth.
Key Insights:
1. Low Market Penetration:
Despite Nigeria’s population of over 200 million, less than 5% of adults are engaged in the capital market. Kwairanga emphasized the need to increase awareness and participation, especially among the youth.
2. Digital Transformation:
Recognizing Nigeria’s leadership in digital adoption, including cryptocurrency and blockchain, Kwairanga noted that younger generations prefer seamless, paperless processes. He lauded recent technological advancements like the NGX Invest platform, which simplifies public offerings and has already facilitated over ₦1.26 trillion in capital-raising efforts for leading banks.
3. Verification Bottlenecks:
Kwairanga urged the Central Bank of Nigeria to simplify verification processes, enabling quicker access for investors eager to capitalize on market opportunities.
4. Journalists’ Role:
Stressing the importance of accurate reporting, Kwairanga called on capital market correspondents to uphold high standards in journalism. He highlighted the role of the media in building trust and fostering informed decision-making among investors.
Notable Achievements:
In just six months, the Nigerian Exchange Group has achieved unprecedented growth in investor numbers—doubling or tripling participation levels that previously took 20 years to accomplish.
Call to Action:
Kwairanga reiterated NGX Group’s commitment to creating a transparent and inclusive market ecosystem, urging all stakeholders to collaborate in bridging the gap between issuers and investors.
Closing Note:
The conference, themed “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Capital Market,” underscored the need for long-term strategies to ensure robust market growth.
A vibrant capital market is within reach if stakeholders prioritize accessibility, transparency, and youth-focused innovations!
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