#Fintech2018: NSE, Fintech Nigeria to deepen market through Tech

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Wednesday, January 24, 2018 11.00PM / Proshare WebTV 

The prospects of deepening the Nigerian capital market, through technology received further boost as the Nigeria stock exchange and the Fintech Nigeria Association pledged to work together to achieve this. 

This comes even as the 2nd National Fintech Conference in Nigeria begins in Lagos and this year’s edition provides an opportunity for capital market stakeholders to engage on how to reposition the market through technology and innovation. 

At the stock exchange the Fintech Nigeria Associates team led by its Chairman Dr Segun Aina visited the bourse to perform the closing gong ceremony, to mark the conference. 

The Executive Director, Regulations the Nigeria Stock Exchange Tinuade Awe who received the Fintech Associates on behalf of the Chief Executive Officer Mr Oscar Onyema, said the exchange was ready to partner with the body to grow the fintech ecosystem, the market and the economy. 

She noted that the Alternative Securities Market (ASEM) had earlier been established to enable the growth of companies, SMEs while it had the Premium and Main boards. 

Tinuade Awe speaking further informed the association that the exchange had the “Growth Board” which will be an opportunity for the fintech companies to access and grow in value. 

The NSE senior management official harped on corporate governance, which the exchange esteems and gives top priority to. 

In his remarks the Chairman Fintech Nigeria Dr Aina commended the NSE for its open-mindedness on Fintech. Aina was confident that the drive of the association was to position Nigeria as an attractive market for fintech innovation and investments. 

According to him, “We have as our focus the repositioning of Nigeria as the leading hub for Fintech in Africa”. 

On the 2nd National Conference, Aina informed the exchange that it was partnering with the Chartered Institute of Stockbrokers and giving the Capital Market a slot for discourse, on ways to collaborate to deepen the market. 

He set a target that in the next 10 years, leading fintech companies will list in the exchange to boost the capitalization of the market. 

Highlights of the visit by the Fintech Nigeria Association was the ceremonial closing gong performed by the Chairman, at the floor of the exchange. 

Other members of the Fintech Nigeria board that accompanied the Chairman include; Mr Patrick Akinwutan (GED, Ecobank) Mr Tunji Eleosho (Co-Founder, Co-Creation Hub), Dr Olayinka David-West (Lagos Business School), Mr Olufemi Awoyemi(CEO, Proshare), Mr Seye Awojobi (Registrar, CIBN) and Mrs Bunmi Lawson (Fmr CEO, Accion Microfinance Bank).

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 Proshare Nigeria Pvt. Ltd.

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