News Wings

Tag: Group Managing Director/CEO

  • CBN, NGX Group Showcase Nigeria’s Reform-Driven Growth Story at Nasdaq, New York

    CBN, NGX Group Showcase Nigeria’s Reform-Driven Growth Story at Nasdaq, New York

    In a bold move to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, held on Thursday, April 17, 2025, was organized by the Central Bank of Nigeria (CBN) in collaboration with Nigerian Exchange Group (NGX Group), JPMorgan, and the African Private Capital Association (AVCA).

    The exclusive gathering brought together leaders from the Nigerian diaspora, global investment institutions, and corporate executives for insightful dialogue on the country’s evolving financial landscape and its readiness to attract global capital for sustainable growth.

    Olayemi Cardoso, Governor of the Central Bank of Nigeria, in a fireside chat with Nobel Prize-winning economist, Dr. James Robinson, outlined Nigeria’s monetary policy direction, growth prospects, and efforts to deepen its financial markets. He reaffirmed the CBN’s commitment to disciplined policy management, market-friendly reforms, and enhanced transparency to foster a stable, investor-friendly environment. Cardoso also stressed the importance of strong collaboration between regulators like the CBN and market operators such as NGX Group, describing it as critical to building a resilient financial system and mobilizing long-term investments.

    The forum featured a comprehensive overview of Nigeria’s financial transformation and FX reforms delivered by Muhammad Sani Abdullahi, Deputy Governor of Economic Policy at the CBN. It also hosted a dynamic panel discussion, “Repricing Nigeria: Assessing the Scope for Sustained Change,” with senior executives from JPMorgan Chase, Standard Chartered, Citi, and Jadara Capital Partners.

    Temi Popoola, Group Managing Director/CEO of NGX Group, moderated an engaging discussion on how Nigeria’s reforms are repositioning the country as an increasingly attractive destination for global capital. “Today’s dialogue marks a pivotal step in reshaping global perceptions of Nigeria’s investment story,” said Popoola. “The candid engagement between policymakers, market operators, and investors reflects the real progress Nigeria is making. NGX Group remains committed to supporting reforms that strengthen market structures, drive innovation, and accelerate economic growth.”

    While investors welcomed Nigeria’s reform agenda, they emphasized that sustained confidence will require consistent FX policies, lower transaction costs, reduced regulatory friction, clearer direction on non-oil revenue reforms, an improved ease of doing business, and continued transparency in monetary and fiscal communication.

    The forum ended on an optimistic note, with participants expressing strong confidence in Nigeria’s economic prospects and its potential for deeper integration into global financial markets, provided reform momentum continues.

  • NGX Group Commemorates the Legacy of Retired Directors, Calls for Strengthened Market Collaboration

    NGX Group Commemorates the Legacy of Retired Directors, Calls for Strengthened Market Collaboration

    Nigerian Exchange Group (NGX Group) celebrated the extraordinary contributions of its retired directors, whose visionary leadership played a pivotal role in shaping the evolution of Nigeria’s capital market. The ceremony, held on Wednesday, April 9, 2025, followed the Group’s 64th Annual General Meeting (AGM) in Lagos, and brought together a distinguished gathering of regulatory leaders, government officials, traditional rulers, and members of the diplomatic community.

    The event underscored NGX Group’s commitment to sustaining the legacy of innovation, operational excellence, and stakeholder engagement, principles championed by the honorees. Their foundational work continues to guide the Group’s mission to deliver long-term value and market growth.

    In his opening remarks, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of NGX Group, paid tribute to their enduring impact, “Tonight, we honor the remarkable men and women whose leadership, dedication, and foresight have left an indelible mark on our Exchange and Nigeria’s financial markets. Their legacies remain ingrained in our DNA and will continue to inspire our path forward.”

    Mr. Abayomi Oluyomi, Commissioner for Finance, Lagos State, representing Governor Babajide Sanwo-Olu, emphasized the honorees’ broader economic influence. “Their contributions extended beyond the Exchange, reinforcing Lagos’s position as Africa’s leading financial and economic hub.”

    Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), acknowledged their transformative role. “These distinguished leaders laid the groundwork for today’s dynamic, transparent, and globally competitive capital market. Their governance standards and bold decisions remain benchmarks for excellence.”

    Adding royal commendation, His Imperial Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, praised their national impact. “As a custodian of tradition and progress, I celebrate these trailblazers whose wisdom and commitment have driven Nigeria’s economic advancement and inspired future generations.”

    Mr. Aigboje Aig-Imoukhuede, CFR, Former President of The Nigerian Stock Exchange and Chairman of Access Holdings Plc, reflected on their legacy. “Capital markets are the backbone of thriving economies. The progress we see today stems directly from these directors’ vision, integrity, and leadership, which established enduring governance standards.”

    A poignant moment came with a tribute to the late Bamofin Abimbola Ogunbanjo, OFR, former Group Chairman, whose leadership was instrumental in NGX’s demutualization and modernization. Other key figures, including Mr. Oscar N. Onyema, OON, former CEO of The Nigerian Stock Exchange and GMD/CEO of NGX Group, were also celebrated for steering the Exchange through landmark transformations.

    Closing the event, Temi Popoola, Group Managing Director/CEO of NGX Group, remarked, “Tonight, we honor not only the architects of our past but also the partners shaping our future. To our retired directors, your legacies ignite the aspirations of tomorrow’s leaders. Together, we will continue building a market that embodies Nigeria’s innovation, resilience, and strength.”

    With decades of collective service, the retired directors have propelled NGX Group into a modern, technology-driven exchange. Their contributions have strengthened governance, elevated investor confidence, and enhanced Nigeria’s capital market on the global stage, laying a robust foundation for sustainable growth and investment across Africa.

  • Lafarge Africa hosts Customers and Transporters Awards

    Lafarge Africa hosts Customers and Transporters Awards

    … national volume champion rewarded with a 2025 Toyota Land Cruiser Prado

    Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, proudly hosted its 2024 Customer & Transporter Awards in honour of the outstanding achievements of its esteemed trade partners and customers. The event, held at Landmark Events Centre, Victoria Island, Lagos, brought together industry leaders, trade partners, and stakeholders to celebrate a year of remarkable excellence and to strengthen collaborations for future growth and success. 

    The theme of the year, “Growing Beyond Limits,” demonstrates Lafarge Africa’s commitment to pushing boundaries, driving innovation, and reinforcing partnerships that contribute to the company’s success. 

    Welcoming the customers and transporters to the event, Lolu Alade-Akinyemi, Group Managing Director/CEO, Lafarge Africa Plc, expressed gratitude for the unwavering support of the company’s partners: “The Customers and Transporters Awards is a grand occasion to celebrate excellence and innovation. It is our unique way of honouring you as worthy partners of Lafarge Africa.” 

    He further emphasized, “We are proud of your integrity and trust in the face of fierce competition, economic realities, and unforeseen circumstances. You have always stood by us through thick and thin, taking the pledge to continue building blocks of progress with every sale and movement of our products, ensuring that we grow from strength to strength.”

    In his remarks, Gbenga Onimowo, Commercial Director, Lafarge Africa Plc, acknowledged the contribution of the trade partners, regarding them as “champions in trade.’ Highlighting their exceptional performance and contribution to the company, he stated: “Our relationship is one that is committed to growth in shared values and commitment to success—a movement where one pulls the other up the ladder in ascension.”

    Similarly, Osaze Aghatise, Logistics Director, Lafarge Africa Plc, reiterated the company’s commitment to enhancing logistics operations, ensuring that partners continue to deliver exceptional service. “With you, we have grown beyond limits. Talking about growth, we appreciate how you match our energy for making a difference through market and product leadership with high performance in the distribution of our innovative products and solutions. Let’s honour those whose exceptional contributions have set new standards and exemplified true partnership,” he noted.

    The evening concluded with the announcement of various award categories and their respective winners. The star prize for the national volume champion was presented to Etim Okon of Batoframoj E. Enterprises, who also received a brand new 2025 Toyota Prado. Igwe Ezeumeh Cosmas Chizoba of C.C. Umeh & Sons Ltd was awarded the 1st runner-up national volume award and went home with a 2025 Toyota Fortuner, while Elder Ubong Obot of Ubotex Nig. Ltd, the 2nd runner-up national volume award, was presented with a brand new 2025 Toyota RAV4. 

    In addition, Prince Sunny Nwodo of Global SNCO (WA) Limited, Emeka Umeoduagu of U. Mekason Trading Stores, Alhaji Rasheed Olota of Global 50:50 Concept Nig. Ltd, Echezona Unegbe of Unegbe Ventures Ltd, Engr Emeka Azubike Odogo of Goldpine Integrated Services, Olufolake Agbaje of Maseliz Enerprises and Oduwole Aderonke of Vicross Enterprises were all recognized as national volume award winners

    Olayiwola Kazeem of Kaysky Nigeria Limited was honoured as the best overall transporter of the year. Julius Ben Construction and Abdlas Logistics Nigeria Limited were also recognised as regional transporter champions for the East and West regions, respectively.

    Alongside their awards, several recipients also received generous gifts ranging from 2025 Hyundai SUVs to generators, tons of cement and mortar, etc, making the night one of celebration and meaningful appreciation.

    Speaking on the win, Etim Okon of Batoframoj E. Enterprises expressed heartfelt appreciation: “Receiving this award is not just a recognition of our efforts but a reminder that commitment, consistency, and collaboration truly pay off. We are proud to be part of Lafarge Africa’s journey and look forward to even greater achievements together.”

    Similarly, Olayiwola Kazeem, Chief Executive Officer, Kaysky Nigeria Limited, honoured as Best Overall Transporter, shared their excitement: “This recognition means a great deal to us. It reflects the hard work of our team and the trust Lafarge has placed in us. We are inspired to continue delivering excellence and pushing the boundaries of service in the transport and logistics sector.”

    The ceremony which was hosted by MC Forever also featured a captivating musical performance by Vintage Band and Nigerian music sensation Flavour, adding an extra spark of entertainment to the already vibrant atmosphere. Guests enjoyed networking and celebration in a setting filled with appreciation and camaraderie. 

    The event reaffirmed Lafarge Africa’s dedication to strengthening relationships with its partners while reinforcing its mission of delivering high-quality, sustainable construction solutions across Nigeria.

  • NGX Group Hosts Katsina State Governor, Strengthens Collaboration on Capital Market Opportunities

    NGX Group Hosts Katsina State Governor, Strengthens Collaboration on Capital Market Opportunities

    Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed Katsina State’s commitment to sustainable economic development and underscored the importance of strategic partnerships in attracting investment, expanding infrastructure, and fostering financial inclusion.

    Welcoming the Governor and his delegation, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of NGX Group, commended Governor Radda’s administration for its forward-thinking policies, particularly the launch of the Katsina State Development Plan. He highlighted the crucial role of the capital market in mobilizing investment and securing long-term financing for critical projects. “The strategic roadmap set by Katsina State reflects a strong commitment to structured and sustainable development. The capital market serves as a vital enabler, providing access to financing that will drive industrialization, infrastructure development, and overall economic prosperity,” Kwairanga stated.

    In his remarks, Governor Radda emphasized his administration’s dedication to leveraging capital market instruments to drive economic growth and development. “Katsina State is poised for accelerated economic transformation, and partnerships with institutions like NGX Group are essential in realizing our vision. We are keen on exploring Sukuk bonds, infrastructure bonds, and green bonds to finance key projects, attract investment, and create economic opportunities within the state. By deepening our engagement with the capital market, we can unlock funding for critical infrastructure, drive industrialization, and generate employment for our people,” Governor Radda affirmed.

    Also speaking at the event, Temi Popoola, Group Managing Director/CEO of NGX Group, restated the Group’s commitment to transforming Nigeria’s capital market landscape through innovation and technology. “We are building an Exchange that extends beyond traditional securities trading. By leveraging technology, we are enhancing market accessibility, attracting capital, and creating new investment opportunities. Our goal is to develop a dynamic, inclusive, and globally competitive capital market that supports national and subnational economic growth,” Popoola stated.

    Echoing this commitment, Jude Chiemeka, CEO of NGX, reiterated the Exchange’s role in supporting state governments with market-driven financial solutions. “The Exchange remains committed to working closely with subnational governments to structure tailored financial instruments that align with their development priorities. We have the expertise and resources to facilitate seamless access to capital, ensuring that Katsina State can effectively fund transformative projects,” Chiemeka noted.

    The visit culminated in a Closing Gong Ceremony, symbolizing the beginning of a strategic partnership focused on unlocking investment opportunities, fostering financial inclusion, and driving sustainable economic development in Katsina State through the capital market.

    Other key capital market stakeholders present at the event include Femi Shobanjo, CEO of NGX Regulation Limited; Haruna Jalo-Waziri, CEO of Central Securities Clearing System (CSCS); and Oluropo Dada, President and Chairman of Council, Chartered Institute of Stockbrokers, among others. They expressed optimism about the potential for deeper capital market engagement with Katsina State, reinforcing the role of capital markets in subnational economic expansion.

  • Unified Payments unveils “It Starts Here” Campaign to Reaffirm Its Leadership in Nigeria’s Financial Technology Space

    Unified Payments unveils “It Starts Here” Campaign to Reaffirm Its Leadership in Nigeria’s Financial Technology Space

    Unified Payment Services Limited (Unified Payments ®), Nigeria’s premier Payments & Financial Technology company, has unveiled a new campaign, “It Starts Here”. The campaign reinforces its leadership position and the ease of making transactions which starts with the push of a button.

    As the pioneer financial technology company in Nigeria, Unified Payments remains at the forefront of enabling businesses and individuals to leverage its shared technology infrastructure, emphasizing enterprise alliances. The “It Starts Here” campaign embodies the company’s vision of fostering innovation and progress, inspiring stakeholders, including customers, shareholders, and employees, to embrace opportunities driven by cutting-edge technology.

    The campaign is built on the philosophy that every significant achievement begins with a small yet pivotal action – be it a decision, a spark, or a moment of readiness.  For Unified Payments, this transformative moment is the seamless connection it provides for businesses, fintechs, and consumers, empowering them to achieve more.

    Speaking on the campaign launch, Dr. Agada Apochi, Group Managing Director/CEO, Unified Payments said, “At Unified Payments, we are proud to unlock possibilities through pioneering payment solutions. Whether it is the first phase of building a business or scaling to new heights, we offer the infrastructure, processing power, secure transactions, and speedy resolutions that businesses need to succeed. Our focus is on innovation and trust, ensuring that every transaction propels our customers closer to their goals.”

    He added, “Every milestone, whether in business or life, starts with a single step, and Unified Payments is the partner powering that step with efficiency and reliability.”

    Unified Payments has consistently demonstrated its ability to accelerate fintech innovation, revolutionizing financial technology and ensuring seamless payment solutions. The company’s offerings cater to businesses and individuals who rely on advanced payment infrastructure, secure transaction handling, and swift payment resolutions to drive success.

    The “It Starts Here” campaign is being rolled out across multiple platforms, including television, radio, print, and digital media, employing bold graphics, interactive elements, and engaging narratives to reach diverse audiences. Through this campaign, Unified Payments aims to cement its role as a trusted partner in delivering payment solutions that enable businesses to grow, innovate, and thrive.

  • Access Holdings Reaffirms Commitment to Driving Inter- Intra-African Trade

    Access Holdings Reaffirms Commitment to Driving Inter- Intra-African Trade

    …banking subsidiary targets November for African Trade Conference

    Access Holdings Plc, the parent company of Access Bank Plc, has announced a series of initiatives aimed at empowering small businesses across Africa and enhancing intra-African trade. During a recent media roundtable, the leadership team, including Acting GCEO, Ms. Bolaji Agbede, and Group Managing Director/CEO, Roosevelt Ogbonna, shared insights on the company’s strategic priorities for the coming years.


    “Our commitment to fostering economic growth in Africa is well established,” said Agbede. “We believe that by supporting small businesses, we can create lasting economic value and drive meaningful change across the continent.”


    Ogbonna outlined the strategic priorities for 2023–2027, which focus on infrastructure investments, retail banking, and small business empowerment. “We aim to provide an enabling environment for small businesses to access new markets on the continent,” he stated. To facilitate this, Access Bank will host a trade conference in November, designed to connect small businesses and stimulate intra-African trade.


    The bank’s commitment to infrastructure investment is evident, with 61 new branches opened in Nigeria this year alone, despite challenging economic conditions. “This expansion showcases our dedication to enhancing retail banking and improving customer access to financial services,” Ogbonna added. Furthermore, the bank is in the process of establishing fully digitalised branches, known as ‘branches of the future,’ which will leverage advanced technology to increase financial access for underserved communities.

    Access Holdings is also focused on enhancing regional trade dynamics. By fostering partnerships and collaborations among small businesses, the company aims to create a robust network that supports economic development across Africa. “We are committed to building a sustainable ecosystem that empowers businesses and drives growth,” Ogbonna emphasised.


    As Access Holdings continues to expand its footprint across the continent, it remains dedicated to its mission of creating lasting economic value for Africa and empowering businesses that can drive meaningful change.

  • NGX Group Announces Strategic Investment in Ethiopian Securities Exchange

    NGX Group Announces Strategic Investment in Ethiopian Securities Exchange

    Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa, has announced a significant investment in the Ethiopian Securities Exchange (ESX).

    NGX Group is among the top institutional investors that have injected capital into the operationalisation of the bourse alongside FSD Africa, a UK-backed non-profit financial institution, and Trade and Development Bank Group (TDB), the financial arm of the Common Market for Eastern and Southern Africa (COMESA) trade block.

    This pivotal move not only marks NGX Group’s entry into East Africa but also underscores its commitment to driving growth and innovation in the African capital markets, while strategically positioning itself as the largest foreign institutional investor in the ESX.

    The investment in the Ethiopian Stock Exchange reflects NGX Group’s confidence in the potential of Ethiopia’s rapidly growing economy and capital market. By partnering with ESX, NGX Group aims to support the development of a vibrant and resilient financial ecosystem in Ethiopia, fostering increased investor participation and capital formation.

    Through this investment, NGX Group aims to contribute to robust regulatory frameworks and foster best practices within the ESX ecosystem. The Group remains dedicated to providing ongoing technical assistance and capability enhancements to support the successful operations and growth of the ESX.

    Alhaji Umaru Kwairanga, Chairman of NGX Group, stated, ” We extend our congratulations to the ESX on its successful capital raise and commend the Government of Ethiopia and the private sector for their support in bringing this pioneering initiative in the country to fruition. Our partnership with ESX is a resounding affirmation of our unwavering dedication to promoting economic development, transparency, and exemplary corporate governance standards that foster an environment conducive to inclusive growth, even as we aim to maximize value for our esteemed shareholders.”

    Temi Popoola, Group Managing Director/CEO of NGX Group, commented: “We are excited to announce our investment in the Ethiopian Stock Exchange, which represents a significant milestone in our expansion strategy. Ethiopia is one of Africa’s fastest-growing economies, with immense potential for investment and growth. We believe that by partnering with the Ethiopian Stock Exchange, we can leverage our expertise and experience to contribute to the development of a robust and dynamic capital market in Ethiopia”.

    Tilahun Esmael Kassahun, CEO of the ESX stated, “We are thrilled to announce that the capital raise for Ethiopia’s first securities exchange has exceeded our expectations, reflecting the unwavering confidence of investors in the potential and prospects of Ethiopia’s economic landscape. We are pleased to welcome the NGX Group as a strategic partner, building upon the existing support we have received from the NGX Group.”

    With this investment, Mr. Temi Popoola will join the board of ESX as a nominee of NGX Group. The investment demonstrates NGX Group’s commitment to driving regional integration and collaboration within the African capital markets. Through strategic partnerships and investments, NGX Group aims to facilitate cross-border investment flows, enhance liquidity, and promote economic development across the continent.

    ESX significantly surpassed its initial target by raising close to 1.3 billion Ethiopian Birr (ETB) from the private sector, reflecting investors’ robust confidence in Ethiopia’s capital market and economic prospects. The Government of Ethiopia will retain 25% of the exchange whilst private sector players hold 75%.

  • NGX Group mourns the loss of former Chairman, Ogunbanjo

    NGX Group mourns the loss of former Chairman, Ogunbanjo

    …commiserates with the family of Wigwe

     Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, OFR, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe, CFR, along with his wife and son, in a helicopter accident in the United States of America.

    Bamofin Abimbola Ogunbanjo, a visionary leader and luminary in Nigeria’s corporate legal and capital market spheres, served as the President of the National Council of the Nigerian Stock Exchange (NSE) from 2017 to 2021 and as the first Group Chairman of NGX Group from 2021 to 2022, following the demutualization of the Exchange. His strategic acumen and dedication were instrumental in shaping NGX Group’s transformative journey.

    Expressing his heartfelt condolences, the Group Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, stated, “NGX Group mourns the untimely departure of Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe, along with his wife and son. Bamofin Ogunbanjo’s leadership has left an indelible mark on our organization and the broader Nigerian financial community, and his legacy will continue to inspire us. Dr. Wigwe also leaves an unblemished footprint in our private sector. Our thoughts and prayers are with their families during this difficult time. May their souls rest in peace and the Almighty comfort their families”.

    The Group MD/CEO of NGX Group, Mr. Temi Popoola, added, “The passing of Bamofin Ogunbanjo is a profound loss for NGX Group and the entire Nigerian private sector. He played a crucial role in shaping NGX Group, and while he will be sorely missed, his visionary leadership and impact will never be forgotten. It is heartbreaking to learn that Dr. Wigwe, his wife and son also lost their lives in the accident. The contributions of these two respected leaders to the financial markets and the overall private sector will be remembered, and we are committed to preserving their legacy by upholding the principles of leadership, innovation, and dedication that they exemplified.”

    Beyond his role at NGX Group, Bamofin Ogunbanjo was a distinguished legal practitioner, serving as Managing Partner of Chris Ogunbanjo LP (Solicitors). He served on the boards of several multinational corporations and non-profit organizations including Beta Glass Plc and the Advisory Board of the University of Buckingham Centre for Extractive Studies. He also served on the Board of GTL Registrars Limited, AIICO Insurance Plc and ConocoPhillips Limited amongst others. His contributions to the legal profession and corporate governance were exemplary, earning him widespread respect and admiration.

  • VFD Group Wins Equity Listing of The Year at NGX Made of Africa Awards 2023

    VFD Group Wins Equity Listing of The Year at NGX Made of Africa Awards 2023

    VFD Group emerged as Listed Company of the Year at the NGX Made of Africa Awards, a significant recognition of excellence in shaping the stock market landscape. The event held on December 20th, 2023, celebrated companies demonstrating exceptional dedication to driving impact and progress across Nigeria and African capital markets.

    Designed to acknowledge outstanding contributions within the capital market ecosystem, the awards spotlight companies and individuals showcasing exceptional performance, value delivery, and sustainable impact. Emphasizing adherence to high ethical standards and compliance with NGX’s regulations, the accolades are a testament to VFD Group’s commitment to excellence.

    VFD Group was announced as the winner of the Listing of the Year (Equity) award at an intimate cocktail event held on the 9th floor of the Nigeria Exchange Limited. The company’s strategic move to list on the Main Board of NGX on October 6, 2023, marked a pivotal milestone, contributing over N45 billion to NGX’s market capitalization. This boosted liquidity in the Nigerian capital market and created opportunities for wealth creation.

    At the Closing Gong Ceremony, marking the end of the awards ceremony, Nonso Okpala, Group Managing Director/CEO of VFD Group, expressed his excitement,  “Thank you very much for receiving us warmly once again. Our excitement persists from the earlier visit this year for the Listing, and we are doubly delighted to be here.”

    Okpala went on to commend the leadership of the Exchange, especially the CEO, Temi Popoola, whom he believes has done a fantastic job. “I would like to extend my appreciation to the Exchange, under the commendable leadership of Temi Poopola, who has not only done a fantastic job but has also demonstrated great foresight in positioning the exchange for the future. One of the remarkable initiatives, from our perspective, is the creation of the investment company category. This is a revolutionary step for the exchange, and we believe it will have a positive impact as the market recognizes the capacity and potential returns, along with the Governance Enforcement these companies bring. This development will undoubtedly enhance trust in the market, leading to increased participation and involvement, which will ultimately be beneficial for the economy.”

    Also speaking at the awards, The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola said, “These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organizations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market. Through NGX Made of Africa, we remain committed to encouraging and incentivizing our partners, and promoting inclusivity as we contribute to the development of the capital market.”

    VFD Group Plc is a leading provider of investment management, wealth management, and financial advisory services with a long history of providing value to its clients. The firm manages a diverse portfolio of assets and has a strong track record of generating consistent returns for its investors.

  • Access Holdings, ART X Collective to Inspire Africa’s Emerging Talent with the Access ART X Prize 2023

    Access Holdings, ART X Collective to Inspire Africa’s Emerging Talent with the Access ART X Prize 2023

    Access Holdings, a trailblazing financial institution, and ART X Collective, a leading cultural enterprise, have announced commencement of the highly anticipated entry call for the Access ART X Prize 2023.

    The applications, which became open to the public on Wednesday, September 20, 2023 will run through Wednesday, October 18, 2023. Entries will be exclusively available for submission at ARTXLAGOS.COM/PRIZE. Through the 2023 edition, ART X Collective and Access Holdings will be empowering emerging artists by selecting two outstanding talents, each receiving a healthy $10,000 grant towards an exhibition at ART X Lagos 2024.

    Aimed at fostering creativity and elevating emerging talent across Africa, the transformative opportunity will see the Nigerian winner embark on a 3-month residency at Gasworks, London, while the African/Diasporan winner will participate in a 3-month residency at Yinka Shonibare’s GAS Foundation in Lagos. Both recipients will also receive personalised mentorship support, a hallmark of the partners’ shared commitment to nurturing artistic growth, and providing an invaluable opportunity for cultural exchange.

    Speaking on the initiative’s essence, Herbert Wigwe, Group Managing Director of Access Holdings Plc, said, “Access Holdings is proud to, once again, champion the Access ART X Prize, a beacon of support for emerging African artists. We believe in the transformative power of art to shape culture, foster diversity, drive meaningful change, and influence the global perception of our continent.

    “The Access ART X Prize is, however, not just about recognising talent; it is about empowering the next generation of African artists to tell their stories and inspire the world. Through this initiative, we reaffirm our commitment to nurturing creativity and driving the growth of the African art industry, fostering a brighter, more inclusive future for all,” Wigwe added.

    Since its inception in 2016, the Access ART X Prize has illuminated the paths of early career artists, providing them with diverse opportunities to showcase their talents. In a watershed moment last year, the Access ART X Prize transcended its Nigerian roots and expanded its horizons to encompass early-career artists from across the African continent and its diaspora. This groundbreaking move was inspired by a profound dedication to fostering inclusivity and diversity within the African art scene as well as facilitating cross-cultural exchange. The result was a celebration of remarkable talent, with the 2022 Access ART X Prize proudly awarded to two exceptional talents: Dafe Oboro (Nigerian Prize-winner) and Belinda Kazeem-Kamiński (Africa/Diaspora Prize-winner).

    The rigorous evaluation process for submissions by early-career artists is overseen by a distinguished panel of renowned artists and cultural practitioners. These experts will be assessing creativity, originality, and technical skill with meticulous care, ensuring that the most exceptional talents rise to the top.

    The Access ART X Prize 2023 will be judged by an esteemed jury which includes Babajide Adeniyi-Jones (Photographer), Barthélémy Toguo (Artist), Daudi Karungi (Founder, Afriart Gallery), Emeka Ogboh (Artist), Gabi Ngcobo (Artist and Curatorial Director, University of Pretoria), and Yesomi Umolu (Director of Curatorial Affairs and Public Practice, Serpentine Galleries). The curator of the 2023 edition is the highly regarded Jumoke Sanwo.

    Tokini Peterside-Schwebig, Founder and CEO of ART X Collective said:

    “We are honoured to have such a diverse and experienced jury for the Access ART X Prize 2023. Their expertise and perspectives will ensure a fair and comprehensive evaluation of the submissions, ultimately bolstering this exceptional platform for early career artists to showcase their work and engage in meaningful dialogue with the global art community.

    We are proud of our contribution to the visual art landscape across Nigeria, Africa and the Diaspora, over the past seven years, and remain steadfast in our commitment to propel our artists forward, to live out their potential as narrative changemakers for our continent and for its culture. Through the creation and production of initiatives such as the Access ART X Prize, and our flagship art fair, ART X Lagos, our organisation seeks consistently to champion the redefinition of the narrative about our continent, and its people.

    We would like to thank Access Holdings, which has consistently stood with us as we have strived to promote and elevate the next generation of African artists. Their commitment to fostering creativity and providing pivotal opportunities for artists, is invaluable in driving the growth and development of the African art industry.”

    For more information on the Access ART X Prize, please visit ARTXLAGOS.COM/PRIZE.

  • VFD Group Plc Lists on Nigerian Exchange, Commemorates with Closing Gong Ceremony (NGX)

    VFD Group Plc Lists on Nigerian Exchange, Commemorates with Closing Gong Ceremony (NGX)

    VFD Group Plc, a sector-agnostic proprietary investment company, is pleased to announce its listing on the Main Board of Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa’s growth. On Friday, October 6, 2023, the official listing was celebrated with a Closing Gong ceremony and a Fact Behind the Listing Presentation, marking a key milestone in the company’s history.

    The listing of VFD Group’s shares has added over N45 billion to the market capitalization of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

    VFD Group is a proprietary investment company that focuses on building positive and socially conscious ecosystems by aggregating potentially viable businesses to create innovative products and solutions accessible to the everyday Nigerian citizen and entrepreneur. This listing on NGX is a strategic move to increase VFD Group’s visibility, enhance its access to capital, and improve its liquidity, ultimately benefiting its valued investors and stakeholders.

    Olatunde Busari SAN, Chairman of VFD Group, stated proudly, “We are excited to join the distinguished ranks of companies listed on the Exchange, and we are confident that this step will provide us with the resources we need to continue our growth trajectory and serve our shareholders even better.”

    Nonso Okpala, Group Managing Director/CEO of VFD Group Plc, expressed his excitement about the listing, saying, “This is a momentous occasion for VFD Group. Our journey from a boutique investment firm to a publicly traded company on the Nigerian Exchange reflects the dedication and hard work of our entire team. We are excited about this new chapter and the opportunities it brings to further strengthen our market position.”

    “We will continue to work toward our strategic goal of creating Africa’s first diverse business ecosystem. When compared to where we started, what we set out to achieve, and economic realities, the Group’s performance has been outstanding on all fronts. Our focus on business expansion has yielded results, particularly in sectors other than financial services, and we have significantly increased our balance sheet.” He continued.

    Alhaji (Dr) Umaru Kwairanga, Chairman, Nigerian Exchange Group Plc stated, “We must recognize the unwavering commitment of the Board and Management of VFD Group in making this listing a reality, as well as the pivotal roles played by all the professional parties involved in the transaction. Securing a listing on the NGX Main Board entails a steadfast commitment to elevated standards of disclosure and corporate governance. This significant listing heralds a fresh chapter for VFD Group plc to leverage NGX’s value-added services and capital market products to fulfill its strategic objectives.”

    Temi Popoola, CEO, NGX, stated, “We extend a warm welcome to VFD Group as it joins our prestigious market. The decision to list on NGX not only promises to augment VFD Group’s liquidity but also strategically positions it to attract investments from the global arena. Additionally, this move is poised to elevate the organization’s market value whilst further advancing transparency and corporate accountability.

    “Our marketplace is a highly reputable platform for raising capital and facilitating sustainable growth for national development. As the preferred listing platform in the region, we are dedicated to collaborating with companies at different growth stages to explore diverse capital market opportunities that align with their business goals.”

    Last month, the Group voluntarily delisted its 190 million shares previously traded on the NASD Securities Exchange in order to be quoted on NGX.

  • IFMA celebrates World Facility Management Day and 25th Anniversary in Grand Style

    IFMA celebrates World Facility Management Day and 25th Anniversary in Grand Style

    …empowers 25 technical school students

    In commemoration of the International Facility Management Association (IFMA) Nigeria Chapter’s silver jubilee which coincided with World Facility Management Day. The association celebrated the milestone achieved over the years at the MUSON Centre, Onikan, Lagos on Thursday, May 12, 2020. The theme of the program: Leading a Sustainable Future, aimed at strengthening goals to achieve an improved facility maintenance culture in Nigeria.

    IFMA Nigeria was founded in 1995 by a special group of professionals drawn across the industries within the built environment including Architects, Civil Engineers, Electrical Engineers, Builders, amongst others who had a burning desire to provide Nigeria with the opportunity of developing a maintenance culture that will shape the future of the country. The association, in collaboration with University of Lagos, has pioneered a professional master’s degree programme in Facility Management.

    The anniversary celebration was adorned with professionals across the construction industry, real estate, and facility management professionals including Ms. Nike Adekanbi, the General Manager, Lagos State Infrastructure and Asset Management Agency; Engr Femi Akintunde, Group Managing Director/CEO, Alpha Mead Group; Professor Modupe Omirin, Dean of Faculty of Environmental Sciences, University of Lagos; Arc. Tina Onokwai, Director, Federal Public Asset Maintenance in Ministry of Works & Housing and other members of the association.

    In his welcome Address, Mr. Segun Adebayo, the President of IFMA, Nigeria Chapter applauded the Federal Ministry of Works and Housing under the leadership of Mr. Babatunde Raji Fashola, the honourable Minister of Works and Housing for a commendable job in ensuring the assent of Executive order 11 on National Public Buildings Maintenance.

    “The effort of the Ministry of Works & Housing on this laudable achievement has indeed renewed our hope of providing professional attention to the Country’s numerous facilities and her growing infrastructure. In fact with this feat, I am delighted to say that maintenance culture has fully resurrected in our nation”, the President of IFMA Nigeria said.

      While speaking on the future goals of the association, the President revealed their readiness to continue to provide leadership and direction in the built environment through Innovative Initiatives, use of Technology, Specialized Trainings and strategic collaboration that translate to the actualization of a transformative future in the built environment.

      According to him, the theme of the event clearly validates the leadership of the association in the industry and also confirms them as a forward-thinking Association. “This you can see in our endless advocacy and strategic collaborations with credible public and private institutions”, he added.

      In his concluding remarks he urged everyone present to be steadfast in the practice of facility management in order to lead a sustainable future.

      Mr. Babatunde Raji Fashola, the Minister of Works and Housing who was the keynote speaker for the event joined and reiterated the relevance of facility management.

      “It is important to mention that facility management is a very expansive area of human activity that involves a diversity of skills whose impact will remain with us for a long time”, the minister said in his speech.

      He also acknowledged the work of Ms Nike Adekanbi in ensuring the goals of Lagos State Infrastructure and Asset Management Agency are fulfilled and on track.

      He concluded by admonishing the private sector to take ownership and responsibility of facility management because, according to him, the private sector accounts for the majority of buildings and infrastructure in Nigeria.

      As the event came to a close, five students each from five Government Technical Colleges in Lagos including Government Technical College, Ikotun; Government Technical College, Ikorodu; Government Technical College, Epe; Government Technical College Agidingbi, were equipped with toolboxes, safety jackets and safety helmets as their discipline of learning falls within facility management. The twenty-five students were promised employment upon completion of their education by some industry operators who attended the event.

    • Herbert Wigwe is African Banker of the Year for the second time, consecutively

      Herbert Wigwe is African Banker of the Year for the second time, consecutively

      The Group Managing Director/CEO of Access Bank PLC, Herbert Wigwe has been recognised as the African Banker of the Year at the 2021 edition of the African Banker Awards.

      A winner of one of the most prized categories at the Awards ceremony for the second consecutive year, Wigwe was recognised for his stellar leadership in the market expansion of Sub-Saharan Africa’s largest bank despite the negative impact of the COVID-19 pandemic. Over the last 12 months, Access Bank has established a presence in South Africa following its acquisition of Grobank.

      Accepting the award, Wigwe said Access Bank is focused on promoting corporate discipline, adding that the Bank wants to be in key markets on the continent, building a payment gateway and providing trade finance support.

      “We want to be seen as the best bank supporting the African Continental Free Trade Area agreement (AfCFTA). In terms of diaspora remittances, we are present in key areas in the continent,” he said.

      The African Banker Awards have become the most respected and recognised industry event celebrating African banking achievements. The organisers this year, put emphasis on recognising and rewarding institutions that contributed to the real economy which has suffered from the impact of Covid-19 as well as contributed to women empowerment on the continent.

      Commenting on the award, Group Publisher of African Banker and Chair of the Awards Committee, Omar Ben Yedder said, “Herbert is one of the most respected bankers on the continent, without a shadow of a doubt. The Bank has gone from a lower-ranked Nigerian bank when he joined the group as Deputy CEO to become one of Africa’s leading financial services groups. He has shown a relentless pursuit for growth but has done so in a measured and calculated manner. What he and his team have done at Access Bank is nothing short of remarkable.”

      The Awards ceremony held virtually during the Annual meetings of the African Development Bank.