Business News of Monday, 8 June 2026

Source: www.dailytrust.com

Capital market must drive inclusive wealth creation – NGX

The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), Temi Popoola, says Nigeria’s capital market must move beyond simply generating wealth to ensuring that prosperity is inclusive, sustainable and built on strong governance.

Speaking at the 2026 Nairametrics Capital Market Awards in Lagos over the weekend, Popoola said the future strength of the Nigerian economy would depend not only on its ability to create wealth but also on how that wealth is generated, shared and sustained.

Addressing regulators, investors, market operators and business leaders, he described the capital market as a critical platform for mobilising capital into productive sectors, supporting innovation, creating jobs and driving long-term economic development.

“When we talk about wealth creation, the question is no longer whether wealth can be created. The more important question is how it is created, who participates in it, and what impact it leaves behind,” he said.

Popoola noted that global investors are increasingly directing capital toward markets that demonstrate transparency, resilience and sound governance.