Nigerian registrars urged to accelerate digital transformation
By the AFREEQUE newsroom, based on Business Day Nigeria
Registrar companies must accelerate their digital transformation to support the development of Nigeria’s capital market and strengthen investor confidence, experts meeting in Lagos said. Catherine Nwosu, president of the Institute of Capital Market Registrars, called for robust technological structures, according to Business Day Nigeria.
Nigerian capital market professionals have called on registrar companies to accelerate their digital transformation to strengthen investor confidence. Catherine Nwosu, president of the Institute of Capital Market Registrars (ICMR), said at the institute’s 15th annual conference on Saturday in Lagos that these companies play an essential role in the functioning of the market.
Bismarck Rewane, managing director of Financial Derivatives Company Limited, said the Nigerian market remains heavily concentrated around a small number of large companies. He also noted low liquidity compared with South Africa and Egypt, with a low turnover ratio.
Bismarck Rewane called for the Nigerian market to become a genuine tool for capital mobilisation rather than a space mainly focused on rising share prices. In his view, a deeper market could facilitate long-term financing, support private investment, create jobs and strengthen economic resilience.
