NGX Group, SEC collaborate to deepen Nigeria-China financial ties

The Nigerian Exchange Group Plc (NGX Group) and the Securities and Exchange Commission (SEC) are intensifying efforts to position Nigeria’s capital market as a platform for cross-border investments, particularly through stronger ties with China. Their recent participation in the China-Africa CEO Dialogue, held alongside the 4th China–Africa Economic and Trade Expo in Changsha, highlights this agenda. The event, organized by Choice International Group and NGX Group, brought together African financial institutions and Chinese stakeholders to explore investment partnerships.

Temi Popoola, CEO of NGX Group, emphasized that enhancing capital market collaboration with China can open new investment channels, especially by enabling Chinese companies to raise funds in Nigeria through bonds, commercial papers, or equity. These initiatives aim to reduce currency and operational risks while supporting growth in sectors such as manufacturing, ICT, and automotive.

Popoola pointed out that financial flows are often overlooked in China-Africa relations and stressed the importance of Nigeria positioning itself as a key destination for such investments to aid economic diversification.

On the regulatory front, SEC’s Director-General, Dr. Emomotimi Agama, reassured potential investors of Nigeria’s commitment to transparency, investor protection, and a fair business environment. He noted that while investment risks are inevitable, regulators play a crucial role in minimizing them and ensuring confidence in the market.