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Financial services

Unifying Action for Nigeria's Capital Market Growth

Strategic Insights

— 2 min read

Market leaders, policymakers, and government representatives recently called for unified action to strengthen Nigeria's capital market and accelerate capital formation, which is seen as a key pathway to national growth. The call to action was made at the 2025 Chartered Institute of Stockbrokers (CIS) National Workshop, where Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, emphasized the importance of a market that can mobilize long-term capital to support Nigeria's economic growth aspirations. Popoola highlighted the recent resurgence of the market as a result of deliberate reforms, improved macroeconomic signals, and technological advancements.

Key Takeaways:

  • Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, emphasized the need for a market that can mobilize long-term capital to support Nigeria's economic growth aspirations.
  • Popoola highlighted the importance of aligning industry players, regulators, and policymakers to strengthen industries, empower institutions, and deepen market structures.
  • NGX Invest, a platform designed to simplify market access for investors and issuers, has already facilitated over N2 trillion in primary market transactions.
  • Stockbrokers play a crucial role in product innovation, investor education, and expanding access to the capital markets.
  • Umaru Kwairanga, Chairman, Nigerian Exchange Group, underscored the importance of aligning capital market activity with the broader national economic agenda.
  • Oluropo Dada, president and Chairman of Council of CIS, affirmed the Institute's commitment to fostering professionalism and integrity within the capital market.
  • Emomotimi Agama, Director General, Securities and Exchange Commission, highlighted the Commission's role in enabling capital formation as a core mandate of the market.
  • Doris Anite, Minister of State for Finance, emphasized the urgency of action to expand access to long-term capital, foster investor confidence, and reinforce institutional frameworks.
  • Tope Fasua, Special Adviser to the President on Economic Affairs, called on stakeholders to maintain momentum through innovation, policy advocacy, and ethical market conduct.

Statistics:

  • Nigerian Exchange Group's NGX Invest platform has facilitated over N2 trillion in primary market transactions.
  • Nigeria's capital market has recently experienced a resurgence due to deliberate reforms, improved macroeconomic signals, and technological advancements.
  • The country aims to achieve a $1 trillion economy, which will depend on collaborative effort across the financial market ecosystem.
  • The capital market will play a critical role in financing infrastructure, supporting enterprise, and attracting both local and foreign investment.

Sources:

  • "Market leaders, policymakers, and government representatives called for unified action to strengthen Nigeria's capital market and accelerate capital formation at the 2025 Chartered Institute of Stockbrokers (CIS) National Workshop." - [1]
  • Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, emphasized the need for a market that can mobilize long-term capital to support Nigeria's economic growth aspirations. - [2]
  • NGX Invest, a platform designed to simplify market access for investors and issuers, has already facilitated over N2 trillion in primary market transactions. - [3]
  • Umaru Kwairanga, Chairman, Nigerian Exchange Group, underscored the importance of aligning capital market activity with the broader national economic agenda. - [4]
  • Oluropo Dada, president and Chairman of Council of CIS, affirmed the Institute's commitment to fostering professionalism and integrity within the capital market. - [5]

References:

[1] 2025 Chartered Institute of Stockbrokers (CIS) National Workshop

[2] Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc

[3] NGX Invest

[4] Umaru Kwairanga, Chairman, Nigerian Exchange Group

[5] Oluropo Dada, president and Chairman of Council of CIS

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