Demutualisation Novel, Rewarding, Made Thousands of Stakeholders – Chairman, NGX Group, Kwairanga
By Juliet Vincent
The Chairman of NGX Group Plc. Alhaji (Dr.) Umaru Kwairanga has said demutualisation has been a novel and rewarding project that has made thousands of new investors stakeholders in the Nigerian Exchange which stands at the centre of nation’s capital market.
He made the remarks as an awardee and as special guest of honour at Pinnacle Awards for Finance, ICT and Real Estate (PAFIR) ceremony in Lagos.
Kwairanga said: “But it has also been quite challenging and it is through the hard work and innovation of our board, management and staff and the cooperation of stakeholders such as the Securities and Exchange Commission, the media and organisations such as yourself that we have achieved what we have.”
According to him, he has received many awards over the years but take special pride in this one by PAFIR.
He pointed out that the award bestowed for their work in the demutualisation of the Nigerian Exchange and transforming it into a leading integrated market infrastructure that is championing the development of Africa’s financial markets.
He dedicated the award to all those who have assisted in one way or the other to make the transition from the Nigerian Stock Exchange to a profitable and vibrant demutualised Nigerian Exchange.
Kwairanga thanked the organisers of the programme, Raemcod Global Group Limited for the honour and the effort put into organizing this ceremony.
