NGX CEO plans tokenization of Nigerian assets to attract Gen Z and Millennials 

Speaking at the 2024 Investor Summit & Awards Dinner organized by Emerging Africa on December 18, 2024, Mr. Chiemeka explained that younger investors prefer financial products that offer higher returns than traditional assets like stocks and bonds.

To cater to these preferences, Mr. Chiemeka hinted that the NGX is planning to introduce innovative solutions, including a blockchain-like interface to make investing easier, faster, and more appealing.

“Gen Zs and Millennials may not find assets with 40% returns exciting enough. They are more drawn to opportunities that promise double or triple those returns,” he said.

He also highlighted the growing activity in retail trading, with $7 million worth of transactions happening daily on the exchange.

When asked how to improve market liquidity, the CEO pointed to strategies such as efficient market-making, securities lending, and increasing retail participation. These efforts, he noted, aim to bring the NGX closer to the standards of international markets.

He also emphasized the potential of derivatives trading, which helps investors manage risks and could further boost liquidity.

Through these steps, the NGX is focused on modernizing the market and meeting the needs of younger investors while keeping the exchange competitive globally.

The Nigerian stock market tracked by the All-Share Index has delivered a year-to-date performance of 34.38%, sustaining the bullish momentum carried over from the previous year into 2024.

As of December 19, the All-Share Index stands strong, opening above 100,400 points, signaling resilience and renewed buying interest as the year draws to a close.

Emerging Africa Group is a company with a focus on Environmental, Social, and Governance (ESG) principles.

The company also organizes events like the Investor Summit & Awards Dinner to encourage collaboration and discussions on investment opportunities in Africa.