In a bid to promote investor participation in the Nigerian capital market, boost secondary market liquidity, and drive economic growth through savings mobilization, Nigerian Exchange Limited (NGX) has joined forces with the Securities and Exchange Commission (SEC) and the National Pension Commission (PENCOM) to organize a Securities Lending Webinar.
The event is scheduled to take place on August 9, 2023, at 10 am.
Themed “Business Facilitation Act 2023 as a Catalyst for Deepening Securities Lending in Nigeria,” the webinar aims to bring together a diverse range of stakeholders, including retail and institutional investors, Pension Funds Administrators, Fund Managers, ETF Issuers, Trading License Holders, Regulators, and intermediaries in the Nigerian capital market.
Participants will have the opportunity to gain valuable insights into the securities lending landscape, product features, benefits for investors and intermediaries, and the broader capital market.
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To register for the free webinar, interested individuals can visit the link provided at http://bit.ly/ngx-slw.
The event enjoys the support of key players in the financial landscape, including the Central Securities Clearing System Plc (CSCS), Cardinalstone, Stanbic IBTC Nominees, and the Pension Fund Operators Association of Nigeria (PENOP).
Notably, the webinar boasts an impressive lineup of speakers who will share their expertise and insights. Among the prominent speakers are Mr. Temi Popoola, the Chief Executive Officer of NGX; Mr. Babatunde Majiyagbe, the Chief Executive Officer of Stanbic IBTC Nominees; Mr. Abdulkadri Abass, the Director of Registration, Exchanges, Market Infrastructure, and Innovation at SEC; Mr. Oguche Agudah, the Chief Executive Officer of PENOP; and Mr. Ibrahim Kangiwa, the Head of Investment Supervision at the National Pension Commission (PENCOM).
Other esteemed speakers include Mr. Aigbovbioise Aig-Imoukhuede, the President of the Fund Managers Association of Nigeria; Mr. Peter Omoregie, the Chief Executive Officer of CardinalStone Securities; Ms. Ronke Ayegbejeje, the Relationship Manager at Stanbic IBTC Nominees; Ms. Onome Komolafe, the Divisional Head of Business Services and Client Experience at CSCS; and Simi Ojumu, the Head of Sales at Absa Securities.
The concept of securities lending involves the temporary transfer of securities from the holder (lender) to another party (borrower) for a fee.
The borrower commits to returning the securities to the lender either upon demand or at the end of the agreed loan term.
To safeguard against counterparty credit risk, the borrower typically provides collateral in the form of cash or other securities of equal or greater value.
Securities lending plays a pivotal role in capital markets by enhancing liquidity, reducing trading costs, and fostering price discovery.
