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Promoting investors interest in Nigeria's capital market
The Nigerian Exchange says it will continually create the enabling platform for investors in the Nigerian capital market. Temi Popoola, the CEO of the Nigerian Exchange, joins CNBC Africa for this discussion.
Tue, 29 Nov 2022 11:52:13 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Resilience and Innovation in the Market: The Nigerian capital market has demonstrated resilience amidst global challenges, with a focus on driving new listings, IPOs, and product introductions. The introduction of derivative products has diversified market offerings and showcased a commitment to innovation.
- Strategic Partnerships for Growth: Partnerships with African exchanges and the International Finance Corporation have been instrumental in expanding market connectivity, promoting sustainability through green bonds, and driving cross-border trading. Collaborations play a key role in navigating challenges and driving market growth.
- Outlook for 2023 and Awards Celebration: Looking ahead to 2023, the Nigerian Exchange will navigate the political landscape in Nigeria while deepening traditional business offerings and pursuing growth opportunities. The upcoming awards ceremony on December 6th will celebrate market achievements and highlight the potential for exponential growth.
The Nigerian capital market has shown great resilience amidst global challenges, as highlighted by CEO Temi Popoola in a recent interview on CNBC Africa. Popoola emphasized the exchange's commitment to creating an enabling platform for investors, driving new listings, and expanding market offerings.
The market's performance has been robust, with significant new listings, IPOs, and product introductions. Popoola mentioned notable listings such as BUA Foods and the first-generation company, as well as landmark bond offerings. The introduction of derivative products has further diversified the exchange's offerings, demonstrating a commitment to innovation.
Partnerships have played a crucial role in the exchange's growth strategy, with collaborations with African exchanges and the International Finance Corporation to enhance cross-border trading and promote sustainability through green bonds. Popoola highlighted the importance of partnerships in navigating challenging situations and expanding market connectivity.
Looking ahead to 2023, Popoola discussed the political and electoral landscape in Nigeria, which is expected to impact the exchange's plans. Despite potential challenges, the exchange remains steadfast in its commitment to deepen traditional business offerings and drive growth in the market.
The interview also touched on the upcoming awards ceremony celebrating the achievements of the capital markets and stakeholders. The event on Tuesday, December 6th, is set to recognize the resilience of investors and industry players, highlighting the market's potential for exponential growth.
In conclusion, Popoola expressed optimism about the future of the Nigerian capital market, emphasizing the importance of adapting to changing dynamics and seizing opportunities for development and expansion. With a focus on innovation, collaboration, and market resilience, the Nigerian Exchange is poised for continued growth and success.
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