The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are deepening their collaboration with China to expand Nigeria’s role as a strategic hub for cross-border investments. This initiative was highlighted at the China-Africa CEO Dialogue, held alongside the 4th China–Africa Economic and Trade Expo in Changsha, and co-hosted by Choice International Group and NGX.
Temi Popoola, Group Managing Director/CEO of NGX Group, emphasized the critical role of capital market partnerships in enhancing Nigeria-China investment flows. He revealed that NGX is actively engaging with the Shanghai and Hong Kong Stock Exchanges to create frameworks that allow Chinese companies to raise capital within Nigeria. These would include instruments like bonds, commercial papers, and equities that help reduce currency and operational risks.
“Financial flows are often the missing link in many China-Africa engagements. By opening these corridors, we are positioning Nigeria as a hub for cross-border investments and supporting the country’s economic diversification agenda,” Popoola said.
He noted that sectors such as manufacturing, ICT, and the automotive industry stand to benefit significantly from this partnership.
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SEC Director-General, Dr. Emomotimi Agama, assured potential investors of Nigeria’s regulatory commitment to transparency and investor protection. “Our role is not only to establish the rules but also to ensure fairness and justice. Investors must know that they can trust the Nigerian market,” he stated.
NGX Group Chairman, Dr. Umaru Kwairanga, hailed the engagements in China as a key component of NGX’s long-term strategy to position Nigeria as Africa’s investment gateway. “At NGX Group, we believe capital markets are pivotal to unlocking Africa’s potential. Our dialogue in China is about building lasting bridges to global markets,” he said.
The forum reaffirmed the shared goal of both NGX and SEC to use capital market diplomacy as a tool for sustainable economic growth, fostering trade, technology transfer, and industrial development between Africa and China.
