• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NGX, others honour late FCMB founder

NGX

The Matters Press by The Matters Press
July 4, 2023
Reading Time: 2 mins read
0
NGX, stakeholders set to unfold opportunities in ETFs market

Lagos, July 4, 2023: The Nigerian Exchange Ltd. (NGX), Chartered Institute of Stockbrokers (CIS), and other stakeholders held a mock-trading and closing gong ceremony to honour the late Mr Subomi Balogun, founder of FCMB Group.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Speaking at the ceremony, on Monday in Lagos, NGX Chief Executive Officer, Mr Temi Popoola, described late Balogun as a blessing to the capital market.

“We are here to pay tribute to someone whom without, we really cannot talk about our markets, and I am sure that there are many careers here that he had helped shaped and mine is a good example.

“We can’t express our gratitude to him enough for what he did to help our industry expand.

“It is difficult to locate another family in Nigeria like the Subomi’s, that can represent on the Exchange as they are doing now.

“We are very grateful and assure them that they can count on our support going forward as the family continues to drive their strategic goals,” Popoola said.
In his remarks, the Chairman of NGX Group, Dr Umaru Kwairanga, noted that late Balogun played a significant role in the development of investment banking in Nigeria.

Kwairanga said the deceased had laid the foundation for many of the nation’s first equity offerings while working at ICON Securities.

“He left a significant legacy and a number of monuments that would serve as evidence of his greatness well into the future,” he said.

The Group Chief Executive Officer, NGX Group, Mr Oscar Onyema, said the capital market took solace in the fact that Balogun lived a great life and left a huge legacy that the market community would continue to talk about for several years.

“Balogun ensured that he looked out for the best interests of the capital market, especially during his tenure on the council of the Exchange years ago,” Onyema said.

On his part, the CIS President, Mr Oluwole Adeosun, said the market was celebrating the life of a colossus man, who was the pioneer first Vice President of the institute.

“We commiserate with the family and will keep remembering his deeds in the capital market”, Adeosun said.

Responding, son of the deceased, Mr Bolaji Balogun, Group CEO, Chapel Hill Denham, appreciated the capital market for remembering his late father who retired 20 years ago and saying good things about him.

Balogun stated that his late father was very concerned about the capital market and the harmony of Nigeria and its youth.

The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun also thanked the market stakeholders for organising the ceremony, noting that it would encourage the family to keep the late Balogun’s legacy on.

“Whilst this has been a very emotional time for our family, the way our father has been honoured by the Exchange, CIS and the entire country has truly inspired us.

“It is motivating us to go further, do better and make sure that his legacy lives on.

“We will not be alone in doing that. We will make sure we uphold his value and seek ways together with the exchange to transform the market and the economy,” he said.

Tags: NGX
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Free public transportation for retirees begins in Lagos

Delta borrows N40bn to pay retirees of Councils

NAFDAC prevents dangerous Ponmo  from circulation

Semovita has no plastic material - NAFDAC

Recommended Stories

Low trade among African countries a worrying signal

Chamber to partner with entrepreneurs to promote businesses

June 19, 2023
Chinese firms in deal for final phase of Tanzania’s rail

Minister advises on use of anti-theft equipment for rail line project

September 16, 2023
Increasing food production excites Uganda

NAMCON to empower 15m Nigerians on large scale farming

June 13, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
Call Us