By Peter Egwuatu

Nigerian stockbrokers made a significant impact at the 28th African Securities Exchanges Association (ASEA) Conference in Kigali, Rwanda, where they provided thought leadership on market development, investor education, and technology adoption.

Their participation in panel sessions and technical workshops drew attention to Nigeria’s evolving capital market framework and its growing influence on regional financial strategies. A major focus for the stockbrokers was enhanced collaboration among African securities exchanges.

The Nigerian team, comprising the Chief Executive Officer of Nigerian Exchange Limited (NGX), Jude Chiemeka; the 13th President and Chairman of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada; the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Sehinde Adenagbe; and other top chief executives, advocated seamless cross-border listings, harmonized regulations, and jointly developed investment product initiatives.

According to the delegates, these measures will improve liquidity and make Africa more competitive for global capital flows. They also argued that deeper cooperation among securities dealers will ultimately transform Africa into an integrated investment corridor.

In a joint statement, the delegates urged the extension of the African Continental Free Trade Area (AfCFTA) framework to capital markets, including the harmonisation of investment rules and improved currency convertibility.

“An Africa-wide index supported by the Pan-African Payment and Settlement System (PAPSS) is gaining notable attention, with Nigerian stockbrokers offering to demonstrate how such an index could operate. We emphasised the importance of technology and innovation, especially fintech, mobile platforms, blockchain, and artificial intelligence. Nigeria’s recent technology-driven capital-raising activities are evidence of how digital tools can reduce market friction, minimize operational risks, and expand participation from diaspora investors,” the statement said.

Beyond policy discussions and technological innovation, the conference also offered opportunities for Nigerian stockbrokers to build new networks and business relationships. With Nigeria’s perspectives influencing discussions on regulation, market protection, and modernization, the delegates reinforced the country’s strategic importance within the continent’s financial landscape.

The depth of their contributions strengthened the case for Nigeria to assume a leadership role within ASEA’s governance structure as the association continues its push toward a more integrated African capital market.