The Group Chairman of the Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has commended members of the Association of Issuing Houses of Nigeria (AIHN) for mobilising significant funds to support Nigeria’s economic development.
Kwairanga gave the commendation in a goodwill message at the Association’s 30th Anniversary Awards Night and Dinner held on Wednesday in Lagos.
He said members of the Association had led capital-raising exercises that recapitalised banks and insurance companies, while enabling governments at federal and sub-national levels to meet their governance and development objectives.
The NGX Group Chairman noted that issuing houses had continued to support the economy by raising funds to sustain businesses, adding that their contributions could not be underestimated.
According to him, the progress of Nigeria’s capital market had been anchored on collaboration among exchanges, regulators, issuing houses and other market participants.
Kwairanga said Nigeria’s economic ambitions required a capital market capable of mobilising long-term funding, directing capital towards productive enterprises and creating opportunities for more Nigerians to participate in wealth creation.
The Group Chairman of Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, has commended the Association of Issuing Houses of Nigeria (AIHN) for mobilising record-breaking funds to support Nigeria’s economic growth and development.
Kwairanga gave the commendation at the Association’s 30th Anniversary Awards Night and Dinner in Lagos on Wednesday, 7 October 2026, noting that its members played key roles in raising capital for bank and insurance recapitalisation, as well as funding government programmes at federal and sub-national levels.
He said issuing houses remained vital to the economy by helping businesses raise funds and strengthening Nigeria’s capital market through collaboration with exchanges, regulators and other stakeholders. He also called for a deeper, more connected African capital market to expand long-term financing for businesses and broaden wealth-creation opportunities.
Kwairanga reaffirmed NGX Group’s readiness to partner with AIHN, congratulating its President, Mrs Kemi Awodein, and the award recipients for their contributions to the development of Nigeria’s financial markets.
#NGXGroup #AIHN #CapitalMarket #Nigeria #EconomicDevelopment
— Voice of Nigeria (@voiceofnigeria) October 9, 2026
He also highlighted opportunities across Africa, noting that stronger connections between capital markets would expand funding available to African enterprises, with Nigeria playing a leading role.
The NGX Group Chairman said the Exchange recognised AIHN’s critical role and remained open to partnering with the Association to deepen the capital market.
He congratulated the Association’s President, Mrs Kemi Awodein, and the award recipients for their contributions, urging them to sustain their efforts in the years ahead.
