As part of its regulatory engagement activities, The Nigerian Stock Exchange (The Exchange), holds an Issuers’ Engagement Forum (the Forum) on an annual basis, for Company Secretaries as well as Finance and Compliance Officers of listed companies.
The Forum avails Issuers the opportunity to discuss with The Exchange and provide feedback on the challenges they may have encountered in meeting their post-listing obligations to The Exchange, while The Exchange also provides feedback/updates on regulatory requirements to ensure compliance with its rules and other regulatory requirements.
This year’s edition which held on Tuesday, 3 December 2019 involved the introduction of a panel session to engender robust discussions and to enrich the conversation around the theme of the event titled: “Full Disclosure in a Competitive Business Landscape”.
The list of panelists were:
Mr Dave Uduanu, CFA, CEO, Sigma Pensions Limited – representing Institutional Investors
Mrs Hilda Nkor, CEO, Society for Corporate Governance Nigeria (SCGN), Representing the Corporate Governance community
Mr Bode Ayeku, LL.M, (Lagos) BL, FCIS, FNIM, ACTI, Company Secretary/Legal Adviser, Nestle Nigeria Plc – representing listed Issuers
Mr Nornah Awoh, Chief Equity Analyst/CEO, Palesa Capital Markets Associates Limited – representing the Retail Investor
Godstime Iwenekhai, Head, Listings Regulations Department, The Nigerian Stock Exchange – representing the Regulators
While Mr Olugbenga Bello was the moderator.
Representatives of KPMG Professional Services also took a session on Listed Company’s Approach to Disclosure, Challenges and Prospects in the Face of Increasing Regulatory Requirements and drilled the participants on “Assessing your Financial Reporting Readiness”
The event also involved the exposition of the upgraded X-Issuer, the official Channel through which Issuers file information to The Exchange. A walkthrough session of the upgraded Portal was also undertaken.
The Bitcoin market you know today was built by people, not institutions
This dominant and decentralized currency has proven that people can be its driving force, as its users practically own the market.
Bitcoin recently gained significant global attention, as the richest man in the world, Elon Musk, invested 1.5 billion USD in it. This asset, which was selling for under 1 USD just 11 years ago, has reached new highs in the market with a current price of over 40,000 USD—a phenomenal growth in a decade that no asset class in the market can match.
Some institutions and jurisdictions seem threatened by the existence of digital currencies, which is why the occasional objection about Bitcoin has surfaced on the Internet. Still, this dominant and decentralized currency has proven that people can be its driving force, as its users practically own the market.
A few years ago, when people were still skeptical and unconvinced about BTC and its potential, there were those in the industry driven by the ideology that this asset class could create a better global financial system. The reality is that transferring money and processing payments using the current financial system comes with some setbacks.
In one way or another, monetary transactions using traditional payment systems can be laborious and limited, especially to those who have no access to banks and other financial services. This motivated Ray Youssef and Artur Schaback to create a platform that can reach billions of people worldwide.
They explored Bitcoin and discovered opportunities to provide people access to a new financial market. This discovery and enthusiasm led to the creation of Paxful.com, a peer-to-peer trading platform that enables people to buy and sell crypto with anyone, anywhere, at any time.
Currently, Paxful offers over 350 ways to buy and sell Bitcoin and other digital currencies, making it easy for anyone to acquire fractions of BTC and join in on the 900 billion dollar market. Ultimately, Bitcoin has the potential to help people support various financial limitations by allowing them to:
- Pay for goods and services
- Donate to charitable organizations
- Build and grow a business
- Protect the value of their wealth
- Send money faster at a cheaper rate
Apart from providing financial opportunities through the platform, Paxful also uses BTC to uphold quality life and education through the Built With Bitcoin initiative. Every crypto donation goes towards the construction of schools in emerging markets to empower people through learning to live a better life.
The platform has and continues to financially enable millions of people around the world through digital currencies. It’s never too late to start—join the growing Bitcoin community today and be a part of the global people-powered market.
MyManilla – Driving the future of financial technology in Africa
The purpose of MyManilla is to create a platform that eases access to financial services for everyone; especially those in the informal financial sector.
MyManilla is a digital financial platform driven by modern technology to eliminate all forms of barriers faced by users while trying to access financial services. MyManilla is a product of Manilla Digital Application Ltd; a tech company based in Abuja, Nigeria.
The purpose of MyManilla is to create a platform that eases access to financial services for everyone; especially those in the informal financial sector. With this, petty traders, civil servants, students, artisans, cooperative societies, trade unions, and other income earners can have unhindered access to necessary financial services.
According to a PwC fintech and banking report done in 2020, the Nigerian fintech industry investments over the past eight years stood at $204 million. Nigerian fintech secured $103.4 million in funding by end of the year 2018. This represented more than half (58%) of the total start-up funding in the same period under review.
This goes on to show that the nature of financial services is fast-changing, and with time, access to these services will completely become virtual. MyManilla is at the forefront of these advancements with cutting edge technology aimed at eliminating all forms of stress associated with accessing financial services.
MyManilla provides uncommon benefits compared to using the conventional financial institutions. Some of these benefits include – easy and seamless account opening, zero hidden charges, bills payment, automated savings, insurance and a lot more. “We are very keen on making life easy for our customers and consumers and we are making sure that this will provide them with the ease they need for accessing financial services to cater for their daily needs” – ‘Goke Alade Olateju, Co-Founder/CEO, MyManilla.
Manilla Digital believes that MyManilla is the future of financial technology as we have created an All-In-One digital financial platform that focuses on driving inclusiveness, financial literacy, support for cooperative communities and automation of their processes, low-interest loans, secured pension schemes amongst other features. We are delivering the future of finance today; “No queues, just clicks”.
Consequently, Manilla Digital recently signed an agreement with Federal Civil Service Staff Multipurpose Cooperative Union which has over 150 cooperatives and in excess of over 100,000 individual members. This agreement is aimed at making savings, loans, bills payment and other financial services easily accessible for these cooperatives and their members.
According to Maimuna Sabo Abubakar, the Co-Founder/ Chief Growth Officer, agreements and collaborations like this, would further close the financial gap in Nigeria especially within the northern region of the country. She expressed confidence that within a few years, there will be significant growth in financial literacy within this region which will result in an upward progression of people living below the poverty level.
In these days where financial activities are heavily scrutinized and with an increasing level of distrust among consumers, we have created a very transparent process to help you keep your money, guide you on where to invest it, and help you prepare for a financially secured future. You don’t have to worry about how to invest because we will constantly present you with safe investment opportunities and guide you every step of the way.
The MyManilla website and application launched earlier in March 2021 and is now accessible to people of all age brackets, works of life and social class. The beta version of the application has been released and made available first to Android users on Play Store, while the iOS version will be released very soon.
MyManilla is set to change, forever, the way Africa and Africans see and access financial services. It is set to be Africa’s foremost all-in-one digital financial platform, driven by technology to ease access to financial services for the common man, in other to help them cater for their daily needs.
Follow us on our social media platforms @mymanillang, or send an email to [email protected] for further enquiries.
Built for the future; delivered in the present. Welcome to the future
Nairametrics | Company Earnings
- Seplat falls into a loss in FY 2020
Seplat Petroleum Development Company […]
- 2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit
Cornerstone Insurance Plc has released […]
- Ellah Lakes increases operating expenses by 33.36% in HY 2020
Ellah Lakes Plc released its half-year […]
- 2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020
Nigerian Breweries Plc released its […]
- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.
Abbey Mortgage Bank has released its […]