Nigerian Exchange Limited (NGX) has lauded the recent regulatory recognition bestowed upon Coronation Group Limited by the Securities and Exchange Commission (SEC), hailing it as the start of an exciting chapter for Nigeria’s capital market.
During a distinguished Closing Bell ceremony held in Lagos, Temi Popoola, the Chief Executive Officer of NGX, expressed his appreciation for the Board and Management of Coronation Group Limited.
The occasion was organized to honor Mr Aig-Imoukhuede’s investiture as an Honorary Fellow of the Chartered Institute of Stockbrokers (CIS).
Mr Aig-Imoukhuede, in his remarks, commended SEC for granting the company a Capital Market Holding Company (CMHC) license, recognizing its potential to solidify its position as a formidable investment management powerhouse within the African region.
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Notably, Mr Aig-Imoukhuede unveiled Coronation Group Limited’s aspirations to expand beyond banking into sectors such as insurance, investment management, technology, and venture-building. This strategic vision reflects the company’s commitment to entrepreneurialism and innovative solutions.
“The past two weeks have shown promising signs of a significant turnaround in our nation,” stated Mr Aig-Imoukhuede. “We have a thriving community of financial services institutions that will provide the foundation for an irreversible revolution in our economy and our lives. Nigeria is once again open for business.”
Responding to the developments, Temi Popoola expressed gratitude for Mr Aig-Imoukhuede’s contributions to the capital market and affirmed his confidence that the CMHC license would usher in another phase of growth for the Nigerian capital market, building upon recent positive trends.
During his goodwill remark, Oscar Onyema, the Group Managing Director of NGX Group, congratulated Mr Aig-Imoukhuede on his honorary fellowship, emphasizing the well-deserved nature of the honor.
Additionally, Alhaji Umaru Kwairanga, Chairman of NGX Group, highlighted the transformative impact of the honorary fellowship, stating that it would elevate Mr Aig-Imoukhuede from a global player to a universal player, thereby enhancing the value of the institute.