NGX Group Pursues Strategic Partnership with HKEX

The Nigerian Exchange Group (NGX) has expressed its intention to form a strategic collaboration with the Hong Kong Exchange and Clearing (HKEX). Dr. Umaru Kwairanga, Chairman of NGX Group, made this announcement during discussions with HKEX officials in Hong Kong.

He emphasized the importance of strengthening institutional cooperation between the two exchanges, noting that HKEX is a leading global exchange and a key link between global capital and Asia. The NGX Group aims to create a competitive market infrastructure in Africa that fosters economic development and innovation.

Kwairanga outlined potential collaboration areas, including institutional partnerships, cross-border market development, technology, sustainable finance, and investment promotion. He proposed the establishment of a formal cooperation framework, which could involve annual executive meetings, technical working groups, and knowledge exchange.

Specific interests include exchange technology, artificial intelligence, market surveillance, and sustainable finance initiatives. The NGX is keen on learning from HKEX's experiences and jointly promoting investment opportunities through various forums and conferences.