NGX COLLABORATES WITH UNIMAID TO PROMOTE CAPITAL MARKET EDUCATION

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Olori Uwem

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Mar 18, 2024
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NGX COLLABORATES WITH UNIMAID TO PROMOTE CAPITAL MARKET EDUCATION

1. Article Overview:
- The Nigerian Exchange Limited (NGX) and the University of Maiduguri (UNIMAID) have signed a Memorandum of Understanding (MoU) to promote capital market education, drive innovation, and support sustainable development in the financial sector.

4. Key Points:

a. Collaboration Objective:
- The MoU between NGX and UNIMAID aims to bridge the gap between academic research and industry practices, particularly in the financial and capital markets.

b. Signing Ceremony:
- The agreement was signed during a ceremony attended by key representatives from both institutions:
- Jude Chiemeka: Chief Executive Officer of Nigerian Exchange Limited.
- Mohammed Madawaki: Director of UNIMAID’s Business School.

c. Educational Initiatives:
- NGX’s X-Academy platform and the University of Maiduguri Business School will collaborate to offer specialized courses that build capacity in financial and capital market education.

d. Scope of Partnership:
- The partnership includes consulting services to improve business operations within the community.
- Both institutions will engage in shared research, human resource development, and the co-creation of financial and business-related courses.

e. Components of the MoU:
- Promotion of certification programs.
- Entrepreneurship training.
- Consulting services to support business development.

f. Goals and Impact:
- By leveraging their strengths, NGX and UNIMAID aim to deliver educational initiatives that enhance the skills of individuals and businesses.
- The partnership is also expected to encourage greater retail participation in the capital markets.

5. Statements from Key Figures:

a. Jude Chiemeka (CEO of NGX):
- Described the MoU as a milestone for both institutions.
- Emphasized the shared vision to advance education and industry practices through strategic collaboration.
- Stressed the importance of combining expertise and resources to drive meaningful change in the financial ecosystem.

b. Mohammed Madawaki (Director of UNIMAID’s Business School):
- Expressed optimism about the collaboration.
- Highlighted the alignment of UNIMAID’s academic rigor with NGX’s industry expertise.
- Stated that the collaboration aims to foster innovation, inspire future leaders, and address the evolving needs of the financial sector.

6. NGX's Future Plans:
- NGX has announced plans to equip scholars with comprehensive knowledge of finance and investment.