NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market

In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group (NGX) and CEO of Petralon Energy, Ahonsi Unuigbe, concluded a strategic working visit to the Dubai Financial Market (DFM). The visit focused on reinforcing capital market ties between Nigeria and the UAE, particularly through the Memorandum of Understanding (MoU) between NGX and NASDAQ Dubai.

During high-level talks, Ahonsi engaged with DFM CEO Hamed Ahmed Ali and Joel Tilly, the AVP of Business Development for Africa. The discussions centered on supporting Nigerian companies, especially in the energy sector, that are exploring dual-listing opportunities. Strengthening these structures aims to enhance global visibility and access to capital for Nigerian corporates.

Ahonsi emphasized the UAE’s attractive regulatory and capital market environment, highlighting its relevance for African corporates. He affirmed NGX’s commitment to leveraging cross-border synergies to drive value and growth in both markets. The collaboration is positioned to help Nigerian companies expand, improve governance, and boost investor trust.

DFM’s goal of regional institutional collaboration aligns with NGX’s strategic ambition to internationalize Nigerian businesses. The partnership aims to bridge the gap between local enterprises and international investors, fostering economic development and increased participation in global capital markets.

However, both parties acknowledged the necessity of strengthening Nigeria-UAE bilateral relations to fully realize these opportunities. Enhanced diplomatic and business cooperation is seen as vital to eliminating barriers that currently limit seamless capital market integration and collaboration between the two countries.

Source: This day