The Nigerian Exchange (NGX) Limited is reportedly soon to design capital market products to attract diaspora investment in collaboration with United Bank for Africa (UBA) Plc.

NGX Managing Director, Mr. Temi Popoola, said last week that the product option would be made available to Nigerians living abroad through the deployment of the technology.

He said he was confident that this target would be achieved, noting that the first digital offering platform in December 2021 indicated this.

Last Wednesday, a closing gong ceremony was held to welcome UBA’s new leaders led by Group Chief Executive, Mr. Oliver Alawuba.

Mr. Popoola said at the event that “the exchange is positioned to solve capital market challenges, a step that we believe prepares us for the future.

“Through technology, we are repositioning the Exchange in our interaction with issuers and other capital market participants.

“In December 2021, we successfully introduced the first digital offering platform which attracted a large amount of retail participation from young Nigerian demographics. We therefore encourage UBA to leverage this digital platform for future equity formation and expand its shareholding structure.

Mr. Popoola also noted that the strategic direction of the exchange is to attract the underbelly of the Nigerian economy and Nigerians in the Diaspora, providing other product options for those interested in digital assets and no to stocks.

For his part, Mr. Alawuba stressed the need to do a lot to ensure that Millennials and Generation Z take advantage of the opportunities of the exchange.

“We need to collaborate on digital banking to ensure that the younger generation can easily buy stocks traded on the Exchange for huge opportunities. We are also open to collaboration with NGX to engage the diaspora community to invest in the market Nigerian capital,” he said.

On her part, the Chairman of NGX Real Estate Limited, Mrs. Angela Adebayo, while congratulating the new GMD, noted that NGX will continue to drive the growth of the Nigerian economy while pursuing a strategic partnership with public and public sector players. private.