MOFI and NGX Collaborate to Achieve N100 Trillion AUM Growth in a Decade

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Adebayo Stephen

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Jul 8, 2023
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The Ministry of Finance Incorporated (MOFI) of Nigeria has announced a strategic collaboration with the Nigerian Exchange Ltd. (NGX) to substantially increase their Assets Under Management (AUM) from N18 trillion to N100 trillion over the course of the next decade. Dr. Armstrong Takang, the CEO of MOFI, revealed this development during the Closing Gong Ceremony held at the NGX trading floor in Lagos. Dr. Takang emphasized that the Federal Government recognizes the pivotal role that the capital market, under the leadership of NGX, plays in fostering economic expansion.


Details on The Partnership ​

In terms of this partnership, Dr. Armstrong Takang, CEO of MOFI, expressed that its primary objective is to formulate a comprehensive plan for introducing select entities under its management into the capital market for trading purposes.
Read More: https://www.investingport.com/mofi-...achieve-n100-trillion-aum-growth-in-a-decade/
 
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