By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NGX, Chartered Institute of Stockbrokers, ASHON Partner with MOFI to Foster Market Development, Listings
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

NGX, Chartered Institute of Stockbrokers, ASHON Partner with MOFI to Foster Market Development, Listings

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: August 14, 2023
Share
3 Min Read
SHARE

Nigerian Exchange Limited (NGX), in collaboration with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), has expressed their readiness to work alongside the Federal Government through the Ministry of Finance Incorporated (MOFI) to facilitate market development and listings.

The commitment to collaboration was announced during the Closing Gong Ceremony held at the NGX trading floor in Lagos, which honored MOFI’s engagement with capital market stakeholders.

Temi Popoola, CEO of NGX, lauded MOFI for its role in safeguarding government investments and assets.

He emphasized that NGX is eager to partner with MOFI to facilitate capital access for listed entities and contribute to the growth of Nigeria’s capital market.

- Advertisement -

“This partnership is an opportunity for the capital market to actively play a key role in growing the economy under President Bola Tinubu’s agenda. This is an exciting time and you may have seen that our local investors really stepped up their participation in the market recently. We think that with a lot of foreign capital, together with the strengthening and enhancements that have been done, that the market is ready to support many initiatives from the government. We really look forward to working together towards the support in developing our markets,” he said.

Dr. Armstrong Takang, CEO of MOFI, stressed the importance of maximizing the value of government investments and assets to mobilize investment capital in key sectors of the economy. He aimed to grow MOFI’s asset under management (AuM) to N100 trillion.

He said: “MOFI intends to collaborate with NGX to guide companies in meeting governance, operational, and reporting requirements necessary for listing on the Exchange. This move also contributes to MOFI’s objective of professionalizing Government Owned and Government Linked entities (GOE and GLEs).”

Oluwole Adeosun, President of the Chartered Institute of Stockbrokers (CIS), expressed the institute’s commitment to cooperating with MOFI, particularly in capacity development and other market-related initiatives.

- Advertisement -

Sam Onukwue, Chairman of ASHON, highlighted that the partnership’s positive impact on the Nigerian economy would extend beyond financial gains to encompass broader socio-economic advantages that contribute to sustainable development.

Tinuade Awe, CEO of NGX Regulation Limited (NGX RegCo), emphasized NGX RegCo’s dedication to collaborating with MOFI on transparency, investor protection, and mitigating systemic risks.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:ASHONMOFINGX
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Tintin Imevbore, Managing Director for Nigeria, Ad Dynamo by Aleph Want to survive a period of economic crisis? Don’t kill your marketing spend
Next Article NLC President, Ayuba Wabba NLC Threatens to Embark on Strike Over Fuel Hike

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
Mike Ejeagha
Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95
News
Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States
Politics Top stories
Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Ange Postecoglou
Sport

Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory

Yusuf Abubakar
Yusuf Abubakar
June 6, 2025
News

Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Tech

Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users

Farouk Mohammed
Farouk Mohammed
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?