To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm on its 25th anniversary celebration.
NGX held a Closing Gong Ceremony at the Exchange House on Tuesday to commemorate CSCS’s 25th anniversary and celebrate the long-standing cooperation between both entities.
Chief Executive Officer NGX, Temi Popoola, while making his remarks during the programme said “CSCS as the depository, clearing and settlement manager occupies a critical position in the capital market.”
He said “Right from inception, CSCS and the Exchange have worked synergistically, driving up transaction volumes and boosting liquidity in the capital market.”
Popoola recognised CSCS for its support for NGX’s initiatives and commended the management led by Mr Haruna Jalo-Waziri for the company’s financial performance and creation of value for shareholders despite the challenging macroeconomic environment.
The Chief Executive Officer, CSCS, Mr Jalo-Waziri, during his remarks recognised the efforts of the Exchange in starting the central clearing and settlements firm and structuring the company for consistent growth through its 25 years of existence.
He also noted the contributions of the NGX CEO and suggested different ways by which both organisations could collaborate in the coming year.
“We are optimistic that we can create more synergies to grow the market and create more value for the capital market and Nigerian economy,” he added.
