The Nigerian Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX), and Johannesburg Stock Exchange (JSE) have partnered to enhance carbon markets development, governance and sustainability in Africa, Nigerian daily Leadership has reported.
A delegation led by NGX Group Chairman, Alhaji Umaru Kwairanga, and SEC Director General, Dr. Emomotimi Agama, recently visited JSE for strategic discussions aimed at learning from its governance practices and strengthening institutional cooperation.
The visit highlights NGX Group’s focus on global partnerships and alignment with international standards, which supports the growth of capital markets in Nigeria and Africa.
JSE Group CEO, Dr. Leila Fourie, emphasized the increasing relevance of African capital markets on the global stage, noting positive trends in South Africa’s financial sector, such as reduced capital outflows and improved investor confidence.
Kwairanga expressed optimism about the visit’s impact, stating that understanding JSE’s governance, as a demutualized exchange, will influence NGX Group’s decision-making process.
In turn, Agama reinforced the significance of the collaboration, stressing that such initiatives can steer the Nigerian capital market towards greater progress.
Relevant: JSE, Africa’s Largest Exchange, To Begin Carbon Offset Trading
NGX Group CEO, Temi Popoola, highlighted the potential of the partnership with JSE to contribute to market development, particularly in areas like private markets, innovation, and technology.
He noted that these discussions will inform NGX’s strategic orientation and transformation efforts.
The talks also addressed opportunities for African exchanges to collaborate in attracting global investors, particularly those shifting away from the Chinese market.
Fourie underscored the value of African exchanges working together to increase global investment interest in the continent.
JSE and NGX discussed potential partnerships in carbon markets, data sharing, private markets, and dual listings, along with governance and risk management strategies, emphasizing their shared commitment to advancing carbon markets in Africa.
Read more: JSE Targets Pan-African Expansion With Private Placements And Carbon Offsets
