{"id":67585,"date":"2022-12-13T23:46:47","date_gmt":"2022-12-13T22:46:47","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=67585"},"modified":"2022-12-13T23:46:47","modified_gmt":"2022-12-13T22:46:47","slug":"ngx-celebrate-cscs-on-25th-anniversary-urges-increased-synergies","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-celebrate-cscs-on-25th-anniversary-urges-increased-synergies\/","title":{"rendered":"NGX Celebrate CSCS On 25th Anniversary, Urges Increased Synergies"},"content":{"rendered":"
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To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX or The Exchange) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm on its 25th anniversary celebration.<\/p>\n

NGX held a Closing Gong Ceremony at the Exchange House on Tuesday, 13 December to commemorate CSCS\u2019s 25th<\/sup> anniversary and celebrate the long-standing cooperation between both entities. \u201cCSCS as the depository, clearing and settlement manager occupies a critical position in the capital market,\u201d said Temi Popoola, Chief Executive Officer NGX, while delivering his remarks. \u201cRight from inception, CSCS and the Exchange have worked synergistically, driving up transaction volumes and boosting liquidity in the capital market.\u201d<\/span><\/span><\/p>\n

Popoola recognised CSCS for its support for NGX\u2019s initiatives and commended the management led by Mr Haruna Jalo-Waziri for the company\u2019s financial performance and creation of value for shareholders despite the challenging macroeconomic environment. \u201cWe understand that amidst the uncertainty and tough business climate, you have shown that you can propel the company to greater heights.<\/span><\/span>\u00a0<\/span><\/span><\/p>

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\u201cOn this note, we at NGX look forward to more cooperation especially as we aim to champion the next stage of the market\u2019s development which will involve transformational technologies like Blockchain. We hope to continue sharing resources, working on strategies that will further deepen our market, attract the younger generation of investors and enhance wealth creation in the country.\u201d<\/span><\/span><\/p>\n

The CEO, CSCS, Mr Jalo-Waziri during his remarks recognised the efforts of the Exchange in starting the central clearing and settlements firm and structuring the company for consistent growth through its 25 years of existence. He also noted the contributions of the NGX CEO and suggested different ways by which both organisations could collaborate in the coming year. \u201cWe are optimistic that we can create more synergies to grow the market and create more value for the capital market and Nigerian economy,\u201d Jalo-Waziri added.<\/span><\/span>\u00a0<\/span><\/span><\/p>\n

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To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX or The Exchange) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm on its 25th anniversary celebration.<\/p>\n","protected":false},"author":6,"featured_media":45868,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1134,8539],"coauthors":[2391],"class_list":["post-67585","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cscs","tag-ngx"],"yoast_head":"\nNGX Celebrate CSCS On 25th Anniversary, Urges Increased Synergies - National Wire<\/title>\n<meta name=\"description\" content=\"To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX or The Exchange\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ngx-celebrate-cscs-on-25th-anniversary-urges-increased-synergies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX Celebrate CSCS On 25th Anniversary, Urges Increased Synergies - 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