The Nigeria Stock Exchange (NSE) says it would partner FinTech Nigeria to work towards boosting the Nigerian capital market with the use of technology.
Tinuade Awe, executive director, regulation of the NSE disclosed this when Segun Ajayi, chairman of Fintech Nigeria Associates and his team, visited the bourse to perform the closing gong ceremony. The visit also marked the flag-off of the 2nd National Fintech Conference that opened Thursday in Lagos.
Tinuade said the exchange was ready to partner with the body to grow the fintech ecosystem, the market, and the economy.
She pointed out that the Alternative Securities Market (ASEM) had earlier been established to enable the growth of small companies (SMEs) while it had the Premium and Mainboards.
Tinuade specifically 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.
In his remarks, Aina commended the NSE for its open-mindedness on Fintech adding that he was confident that the drive of the association was to position Nigeria as an attractive market for fintech innovation and investments.
“We have as our focus the repositioning of Nigeria as the leading hub for Fintech in Africa,” he noted.
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 stressed that this year’s conference will provide capital market operators and stakeholders the opportunity to deliberate on how technology and innovation can be directed to achieving a better 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.
Other members of the Fintech Nigeria board that accompanied the Chairman include; Patrick Akinwutan (GED, Ecobank), Tunji Eleosho (Co-Founder, Co-Creation Hub), Olayinka David-West (Lagos Business School), Olufemi Awoyemi(CEO, Proshare), Seye Awojobi (Registrar, CIBN), and Bunmi Lawson (Fmr CEO, Accion Microfinance Bank).