• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Nigerian stock exchange to embrace blockchain to settle trades in 2023

Olumide Adesina by Olumide Adesina
June 10, 2022
in Cryptos
NGX, Temi Popoola

Chief Executive Officer, NGX, Mr. Temi Popoola

Share on FacebookShare on TwitterShare on Linkedin

Nigerian Exchange Ltd. intends to launch a blockchain-enabled exchange platform next year in order to expand trade and attract new investors.

The move follows the Nigerian Securities and Exchange Commission’s establishment of legislation to regulate trade in digital assets, as well as a growing enthusiasm among businesses and policymakers throughout the continent, particularly in Kenya and South Africa, to implement distributed-ledger technology.

What the NGX chief is saying

Temi Popoola, the chief executive of Nigeria Exchange Ltd., stated in an interview with Bloomberg that the exchange is looking to use blockchain technology to settle capital market transactions. “That is the kind of technology that a lot of young and future Nigerians utilize, and that is what we want to see.”

RelatedStories

TotalEnergies

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025
NGX

NGX delivers Africa’s second-best return in May as investors pile in 

June 3, 2025

According to Popoola, the Nigerian bourse would partner with a technology business and obtain regulatory clearance before launching in 2023.

Popoola believes that digitizing transactions will help attract young buyers looking for a variety of products as well as quick and easy access to the market. Last year, MTN Group Ltd’s Nigeria unit released the bourse’s first complete electronic share offering, which was 1.2 times oversubscribed, with 85% of the investors being under 40 years old.

What you should know

  • The idea is being implemented in the aftermath of a bitcoin market crash caused by the Terra blockchain’s failure in May. Since its all-time high in November, Bitcoin has lost more than half of its value.
  • According to Paxful, a Bitcoin marketplace, young Nigerians account for the biggest volume of cryptocurrency transactions outside of the US, but they have mostly neglected the local bourse. In the first three months of this year, Nigerians transacted $185 million in Bitcoins on Paxful, accounting for a quarter of all transactions.
  • Recall, Africa’s largest economy launched the eNaira, a digital currency, in an effort to increase financial inclusion in Africa’s most populous country, where one-third of the population lacks access to financial services.

Follow us for Breaking News and Market Intelligence.
Tags: BlockchainNGX
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

TotalEnergies
Equities

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025
NGX
Equities

NGX delivers Africa’s second-best return in May as investors pile in 

June 3, 2025
How Much Money Do You Need To Start Investing?
Digital Media

Nairametrics Awards, Market Movers & Bank Recap Secrets — All on Follow the Money With Ugodre

May 28, 2025
Custodian Investment Plc declares final dividend payment of N0.40 to shareholders
Dividends

2025 AGM: Custodian Investment approves N1.1 dividend, new board members 

May 9, 2025
NSE, ASI, Equity, Airtel Africa
Breaking News

All-Share Index reclaims 108,000 as Nigeria’s 4th-largest stock gains over 9%; ECOBANK leads advancers 

May 6, 2025
NGX
Equities

All-Share Index gains 0.62% as BETAGLAS and TIP shine, GTCO leads trading value 

May 6, 2025
Next Post
Ondo State Governor, Rotimi Akeredolu

Governor Akeredolu disagrees with FG’s declaration of ISWAP as being responsible for Owo attack

Comments 1

  1. Aminu garba says:
    June 11, 2022 at 7:04 am

    I am a Nigerian leaving in Nigerian but I wish to attend this training.
    Thanks

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate
  • Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia
  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

Follow us on social media:

Recent News

Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate

Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate

June 19, 2025
Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics