The group managing director/CEO, NGX Group, Mr. Oscar Onyema facilitated a session at the Lawmakers’ Retreat on the Investment and Securities Bill where he delved into the provisions for Exchanges and other related matters.
Speaking, Onyema said: “Since we have been members of WFE, NGX Group of companies has played a leading role in fostering the growth of long-term sustainable finance by leading the development of the green bond market in Nigeria. “Following the submission of a proposal to the ministry of Environment, Debt Management Office and other stakeholder institutions in 2017, a multi-agency task force comprising the Minister of Environment, Group CEO, NGX Group and other leading stakeholders was constituted, whose leadership led to the issuance and listing of the inaugural Federal Government of Nigeria Sovereign green bond in 2018.
In furthering its green bond market development initiatives, he said, NGX signed a Memorandum of Understanding with Luxembourg Stock Exchange , to cooperate in promoting cross listing and trading of green bonds in Nigeria and Luxembourg, even as the MoU was signed during the 2019 WFE annual meeting in Singapore.
“NGX Group of Companies has also supported WFE Sustainability Principle 2 and fulfilment of the SSE requirement for Exchanges to provide written guidance on Environmental, Social and Governance by unveiling the Sustainability Disclosure Guidelines in March 2019.