The Nigeria Stock Exchange, NGX, has called for collaboration with its Indian counterpart saying such synergy will guarantee the survival of capital markets in the global economy.
The Chairman of NGX, Umar Kwairanga, who was speaking in India during a Board of Directors Interaction visit between the two countries’ stock exchanges, said the world is fast evolving and becoming borderless and highly competitive.
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While noting that there are many areas for cooperation between the Indian Stock Exchange, NSE, and the NGX, he said that both countries stand to benefit from a collaboration going forward.
He also added that the Nigerian Stock Exchange was established over 60 years ago but transformed from a mutual organisation limited by guarantee, to a for-Profit Public Company owned by and run for the benefit of thousands of shareholders just over three years ago.
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