Seamless investment into Nigeria’s capital markets for cooperate investors from across the continent will be enhanced by the collaboration of SecondSTAX and Nigerian Exchange Limited (NGX). SecondSTAX is a technology company that is creating solutions to enhance intra-Africa capital and investment flows.
In close partnership with Afrinvest (West Africa), this collaboration will create a seamless way for authorized broker-dealers, asset managers, big commercial financial institutions, and similar investors from across the continent to invest in Nigeria’s premier exchange through SecondSTAX’s reliable, easy-to-use, cloud-based framework.
Eugene Tawiah, CEO and founder of SecondSTAX, explained that “our aim is to integrate all the capital markets across Africa to enable more seamless investment flows and this partnership with the NGX represents a major milestone on our journey. Nigeria’s capital markets are full of lucrative opportunities that have until now been out of reach to institutional investors outside the country. At the same time, Nigeria’s institutional investors have largely found it challenging to invest in other capital markets across the continent. This partnership addresses both problems and we are excited to see how investors take advantage of the opportunities that abound across the continent.”
On the partnership, Temi Popoola, CEO of Nigerian Exchange, revealed that “this closely aligns with our ongoing efforts to foster innovation and growth in our market through initiatives such as the African Exchanges Linkage Project, which aims to integrate capital markets in the continent; and our partnership with Afreximbank’s Pan African Payments Settlement System (PAPPS) to facilitate seamless cross-border transactions within the African capital markets.”
Ike Chioke, Afrinvest’s Group managing director stated that “as a capital marketing holding company, we are always at the forefront of driving innovations that grow Nigeria’s capital market. We are delighted to be in partnership with SecondSTAX to enable more opportunities to drive capital inflows into Nigeria’s capital markets and increase investment options for investors in Nigeria.”