Mr. Governor, Sanwo-Olu, Wins FMDQ Markets Enabler Award

 Challenged to Upgrade the Lagos Financial Markets to be at par with other
International Financial Centres, London, New York, Singapore
 FMDQ Hosts 2019 Nigerian Capital Markets Conference in support of attracting
capital to Nigeria

FMDQ Securities Exchange, (FMDQ Exchange), on Friday, November 8, 2019, hosted market participants, including
its Members, regulators, government agencies, local and foreign portfolio investors and a host of others to the
second edition of its flagship FMDQ GOLD Awards (the GOLD Awards). The very well-attended high-class GOLD
Awards, which brought together various stakeholders in the FMDQ markets, domestic and international, provided
a platform to acknowledge and formally recognise the contributions of participants within the FMDQ markets for
the one year period covering October 2018 to September 2019, whose activities have directly impacted the
development of the markets and positively contributed to making them “GOLD” – Globally Competitive,
Operationally Excellent, Liquid and Diverse.L-R: Mr. Jibril Aku, Vice Chairman, FMDQ Group; Ms. Patience Oniha, Director-General, DMO, Nigeria; Mr. Babajide Sanwo-Olu, Executive Governor, Lagos State; Ms. Mary Uduk, Ag. Director-General, SEC, Nigeria (representing Vice President of the Federal Republic of Nigeria); Mr. Bola Onadele. Koko, Managing Director/CEO, FMDQ Securities Exchange; and Mr. Emmanuel Ukeje, Special Adviser to the CBN Governor on Financial Markets (representing the CBN Governor); during the presentation of the FMDQ Markets Enabler Award to the Lagos State Governor at the 2019 FMDQ GOLD Awards in Lagos

The highlight of the evening was the presentation of the FMDQ Markets Enabler Award to the Executive Governor
of Lagos State, Mr. Babajide Sanwo-Olu, in recognition of his considerable contribution to market development
as an ex-financial markets practitioner, and in acknowledgement of the opportunity availed to him, in his current
position, to achieve transformational change in the Nigerian financial markets and overall economy. The Award
was geared at recognising some of the Governor’s achievements, such as supporting FMDQ’s efforts to secure the
admission of the Financial Centre for Sustainability, Lagos (FC4SL) as the 23rd member of the international
network of financial centres for sustainability in May 2019 prior to his inauguration as Governor of Lagos State,
launching the FC4SL in October 2019 at FMDQ’s Exchange Place with the support of high-ranking government
officials, regulators and private sector stakeholders, and signing a Declaration with the leadership of FC4SL
committing to advance green and sustainable finance in the Nigerian financial markets, in line with the United
Nations 2030 Agenda for Sustainable Development and the Paris Agreement. The Governor was further charged
to seize the opportunity availed to him to indeed make Lagos a leading financial centre in Africa by supporting the
enactment of key legislations and policies that facilitate affordable housing, clean/renewable energy, zero waste
management/circular economy, clean transportation, etc.


During his Special Address, Governor Sanwo-Olu, who was the Special Guest of Honour at the GOLD Awards,
recognised and commended the efforts of FMDQ in building a sustainable financial market. He added that FMDQ
has proven to be a reliable partner to Lagos State; even as the State aspires to champion sustainable growth and
development for the good of its people and committed to working assiduously toward upgrading the Nigerian
financial markets to be at par with globally-recognised financial centres, such as London, New York, Singapore,
amongst others.


The GOLD Awards also featured other key awards categories such as Primary Markets, Secondary Markets and
the Members’ & Clients’ Choice Awards. Winning for a second time in a row, Stanbic IBTC Capital Limited bagged
the award for the Primary Markets Champion – Capital Markets Securities Origination; and the bank – Stanbic IBTC
Bank PLC also emerged the Secondary Markets Champion, winning the FMDQ Dealing Member Award, amongst
three others within the Group; Chapel Hill Denham won three Awards, including the FMDQ Registration Member
(Listings) and the Debt Capital Markets Financing for Infrastructure Development Awards. The Largest Commercial
Paper on FMDQ Award went to Dangote Cement PLC, and other notable awards were the Regulator Market Transformation Initiative Awards won by the Securities and Exchange Commission (SEC) for the empowerment of
investors and issuers with choice of depositories by the registration of FMDQ Depository, and the Central Bank of
Nigeria (CBN) for financial inclusion by establishing payment services (digital) banks, as voted by FMDQ Members
and clients. In order to ensure the full integrity of the award winners selection process, a validation exercise was
conducted by Ernst & Young Nigeria, a global leader in assurance services, and a certification issued to validate
the integrity of the process. A full list of the GOLD Award winners is available on FMDQ’s website.

Another key highlight of the Ceremony was the financial markets skit performed by alumni of the 2019 Summer
Camp (Primary School Stream) of FMDQ Next Generation Financial Market Empowerment Programme (FMDQNext)
– FMDQ’s flagship corporate responsibility programme, a learning and development initiative aimed at
providing financial markets education and promoting financial literacy among the youth in Nigeria. Indeed, the
audience was thrilled by the far-reaching and thought-provoking knowledge and experiences showcased by the
young students, educating the audience on financial market products, services and participants; an evidence of
the impact of the FMDQ-Next programme.


The rewarding, yet relaxing GOLD Awards was preceded, on Thursday, November 7, by the 2019 Nigerian Capital
Markets Conference, themed, Nigeria: A Compelling Destination of Capital, also organised by FMDQ, playing host
to a wide audience of local and international financial markets participants, who turned out in large numbers at
the Lagos Oriental Hotel, Victoria Island, Lagos. The Conference, which coincided with the 6th year anniversary of
FMDQ, brought together market participants, regulators, government authorities and subject-matter and model
markets experts with varying interests in the Nigerian and global financial markets space, to deliberate on nearto-medium-term strategies and other pre-requisites needed to position the Nigerian capital and financial markets,
to attain its potential and support sustainable economic growth and development in Nigeria.


Welcoming guests to the Conference, Mr. Okwu Joseph Nnanna, Chairman, FMDQ, represented by Mr. Jibril Aku,
Vice Chairman, FMDQ, commended all stakeholders for the support given to FMDQ thus far, whilst noting that
the Group will continue to provide the essential platform to power growth and foster the strengthening of the
broader Nigerian financial market. The Conference was supported by the Federal Government of Nigeria as the
Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN, GCON, represented by the Acting
Director-General of the SEC, Ms. Mary Uduk, in his Keynote Address, underscored the importance of the capital
markets to the achievement of the Nigerian Economic Recovery and Growth Plan. He noted the pivotal role being
played by FMDQ in transforming the Nigerian financial market and called for greater commitment from the private
sector to complement the government’s efforts especially in the area of infrastructure development.


Furthermore, the Governor of the CBN, Mr. Godwin Emefiele, CON, ably represented by Mr. Emmanuel Ukeje,
Special Adviser to the CBN Governor on Financial Markets, also lent his voice to the continued relevance of the
capital markets to the much-desired turnaround of the Nigerian economy. The CBN Governor commended FMDQ
for setting the pace and championing innovative solutions as part of steps toward aligning the domestic markets
to their international counterparts and achieving global competitiveness.


Dr. Adeyemi Dipeolu, Special Adviser to the President on Economic Matters, Office of the Vice President (OVP),
speaking on Nigeria as a compelling destination of capital, in line with the Conference theme, highlighted the role
of the private sector in leading the growth that Nigeria desires. He further noted the strategic alliance between
the OVP and FMDQ; having successfully executed programs including the ease of doing business session for capital
market participants, amongst others. From the high-powered presentations and sharing of country experiences
to constructive panel sessions drawing from the experiences of model markets and subject-matter experts, the
Conference delved into discussions shaping strategies into improving capital inflows, opportunities for operational
excellence for Financial Market Infrastructures (FMI), building a thriving derivatives market and other
product/market development focus, sustainably financing infrastructure projects, promoting a green path to
economic development, amongst others. Further details on the Conference can be found on the Conference


FMDQ Group, comprising FMDQ Exchange, FMDQ Clear and FMDQ Depository, is Africa’s first vertically integrated
FMI group, providing platforms for the efficient execution, clearing and settlement of transactions. The Group has
continued to champion market transforming initiatives in the Nigerian financial market, and with the collective
effort and support of all stakeholders, is committed to remain resolute to making the Nigerian financial markets
globally competitive, operationally

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