The President and Chairman of Council of Nigerian Stock Exchange (NSE), Otunba Abimbola Ogunbanjo said the NSE will capitalize on milestones achieved thus far while continuing to execute on their 2018-2021 strategy, which is focused on customer centricity, market development and innovation.
Ogunbanjo disclosed this to dealing members at the 58th Annual General Meeting (AGM) in Lagos. While praying that “may it be the last meeting as a mutual entity”. Adding that “we are currently at the approval stages of our growth board, a new marketplace to address the growing needs of start-ups, provide exit opportunities for investors and reduce the cost of funding”.
“In line with our desire to increase financial inclusion and unlock dormant capital for economic growth and development, we intend to intensify our promotion of the growth and development of the Islamic Finance industry within the Nigerian capital markets”. Pointing out that the NSE will continue to intensify efforts with stakeholders to on-board new financial instruments and maximize organizational value.
On his part the chief executive officer of NSE, Oscar Onyema said “building on the momentum we have gained thus far, we will strive to finalize our demutualization process, boost our fixed income market segment and establish our exchange traded derivatives market”.
In order to properly serve its customers, Onyema explained that “we intend to measure our brand awareness and perception, which will inform our communications and engagement initiatives as we position the NSE group as a strong, trusted and credible brand”
While assuring that “we are confident that pursuing these initiatives in 2019 will boost the competiveness of the NSE at a time when the Nigerian capital market is at an inflection point. To enable us succeed, we are investing heavily in our human and technology resources to make doing business easier for our people”
Noting that “our highly capable and experienced management team remain focused on the opportunities ahead, to deliver the financial targets we have set, while at the same time continuing to meet the needs and demands of investors and the capital market at large”.