NGX Chairman calls for collaboration with Hong Kong Stock Exchange
In a major step toward international cooperation, the Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr) Umaru Kwairanga, led a high-level delegation to the Stock Exchange of Hong Kong (HKEX) on Monday, June 9, 2025, for a strategic board interaction aimed at fostering cross-border collaboration and mutual growth.
During his opening remarks, Dr. Kwairanga expressed deep appreciation for the warm reception extended by the Hong Kong team, commending the city’s global reputation as an economic powerhouse and a beacon of resilience and innovation.
“Hong Kong has always been a marvel and an inspiration to the world. Its people have built one of the top economies globally through hard work, ingenuity, and vision,” he noted.
He also highlighted the historical significance and global stature of the Hong Kong Stock Exchange, praising its role as a financial bridge between China and the rest of the world, with more than two thousand listed securities and a dynamic product mix.
Turning to NGX, Dr. Kwairanga outlined the evolution of the Nigerian Exchange, which was established over sixty years ago but underwent a major transformation just three years ago—demutualizing into a for-profit public company. While this transformation opened new opportunities, it also introduced complex challenges in areas such as governance, regulation, technology, market development, and profitability.
“We understand that the Hong Kong Stock Exchange has likely faced and overcome similar hurdles. We are here to learn from your journey, share our experiences, and explore meaningful areas of collaboration,” he said.
Emphasizing the importance of partnerships in today’s borderless financial landscape, Dr. Kwairanga underscored the potential for both exchanges to benefit from mutual engagement in innovation, technology, and market expansion.
“This visit is more than ceremonial—it’s a strategic step toward building a strong and lasting relationship between NGX and HKEX,” he concluded.
The engagement marks a significant milestone in NGX’s international agenda, paving the way for future initiatives aimed at enhancing capital market development across both regions.
