NGX spotlights SPACs as a viable alternative route to public markets
NGX partners Centre for International Private Enterprise on capacity building
Nigerian Exchange Limited (NGX), through its specialised learning hub, X-Academy, has announced its partnership with the United States-based Centre for International Private Enterprise (CIPE).
Through this partnership, NGX and CIPE aim to fill the capacity gap in corporate compliance expertise and knowledge in the African business environment and to provide effective resources to help local companies translate their corporate ethics commitments to a robust system of compliance that ensures that they can conduct business with integrity.
X-Academy will work with CIPE to provide companies of all sizes across Nigeria with practical solutions that will promote ethical business practices and make the Nigerian corporate landscape safer for conducting business.
Through workshops and advisory services, participating companies in the program will be empowered to proactively reduce opportunities for fraud and other malpractice across their business processes.
Speaking about the collaboration, Ms. Ugochi Obi, Head, NGX X-Academy, said, “As a training hub contributing immensely to deepening knowledge across the capital and money markets in Nigeria, we consider it imperative to avail businesses and organisations with the appropriate training and tools that will help them attain globally acceptable transparency and accountability standards, which will, in turn, help them to attract global investment opportunities.
“ To this end, NGX has partnered with CIPE, an organisation that has the pedigree and demonstrable track record of helping its stakeholders to navigate the often complex terrain of regulatory compliance and entrench good governance practices in their key activities – two key elements to actualise our goal.”
Mrs. Lola Adekanye, Senior Programme Lead for Africa, CIPE, said, “We are thrilled to have a critical stakeholder in Nigeria’s business ecosystem join us to lay the foundation to create a more transparent and attractive business environment.
Enabling compliance with sound business integrity practices is at the core of attracting investment and boosting growth in the country.
“CIPE is pleased to welcome NGX to the Africa Business Integrity Network (ABIN) and we look forward to leveraging our individual strengths to embed ethics and integrity in the business culture, and ultimately bring value to the Nigerian economy.”
This partnership will help galvanise business-led efforts to reduce the risk of corruption, boost shared prosperity in an economically sustainable manner and promote market-oriented values by advancing business ethics and integrity principles in companies and across the business environment. It will also enable the academy to deploy compliance and board evaluation consultancy for organisations.
CIPE has over 30 years of experience working with local partners on the ground to implement democratic and economic reforms that citizens need.
CIPE’s work is unique, advocating for transparency, accountability, fairness, and responsibility in government institutions. This helps develop better environments for business, trade, democracy and governance, while encouraging both private citizens and the private sector to deepen their involvement in the policymaking process.
