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NGX Awards 2025 Honour Top Performers in Nigeria’s Capital Market

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Nigerian

NGX Awards 2025 recognise top brokers, firms, and institutions for performance, compliance, and impact in Nigeria’s capital markets

The Nigerian Exchange Group (NGX) celebrated leading institutions at the 2025 Made of Africa Awards, recognising firms and individuals driving excellence in Nigeria’s capital markets.

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Also read: SEC Slams Stanbic IBTC Capital with N50.1m Fine over GTCO Shares

Recipients included Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel Hill Denham, and MTN Nigeria Communications for outstanding contributions to market performance, compliance, and investor confidence.

Speaking at the event, NGX Group Chairman Umaru Kwairanga highlighted the awards’ role in setting benchmarks for performance, integrity, and innovation across Nigeria’s financial sector.

“Their achievements set a benchmark for performance, integrity and innovation across the capital market,” he said, adding that sustaining discipline and transparency remains vital to maintaining both domestic and international investor trust.

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Temi Popoola, NGX Group Managing Director and Chief Executive Officer, stressed the importance of collaboration and operational efficiency in driving market growth.

“Operational efficiency and cooperation across the ecosystem are increasingly important as trading activity diversifies and investor expectations continue to rise,” Popoola said.

From a regulatory perspective, Securities and Exchange Commission Executive Commissioner, Operations, Bola Ajomale, noted that the awards underscore the significance of compliance and accountability.

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“Recognition through the Made of Africa Awards reinforces adherence to market rules, strengthens investor confidence, and supports sustainable growth across Nigeria’s financial markets,” he said.

Award winners reflected a wide spectrum of market excellence.

First Trustees Limited was named best trustee by deal value, Legend Internet Plc received the market debut excellence award, and CardinalStone Securities emerged as both equity trader and broker of the year.

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Capital Express Securities won ETPs trader of the year, while Stanbic IBTC Stockbrokers claimed fixed income trader of the year.

Chapel Hill Denham was recognised for managing the largest listed fund and for foreign portfolio investment transactions, while Mainstreet Capital and APT Securities jointly won Issuing House awards for primary market equity deals.

Anchoria Advisory Services led in corporate bond issuances, Dangote Cement was named best issuer for fixed income listings, and BUA Cement was recognised as the most compliant listed company.

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Transnational Corporation Plc earned the capital market excellence award in equities.

Special recognition was extended to the Debt Management Office for fixed income market development, the Capital Markets Correspondence Association of Nigeria for market reporting, and Lambeth Capital/Bamboo Systems Technology for onboarding the highest number of new retail investors.

Also read: Transcorp Hotels Q3 results show 49% revenue surge

The 2025 Made of Africa Awards exemplify NGX’s continued efforts to broaden market participation, deepen liquidity, and strengthen investor confidence across Nigeria’s equity and fixed income markets.

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Rest of World to Shut Down as Search for New Home Continues

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Rest of World

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

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“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

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She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

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According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

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The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

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Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

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Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

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Also read: Flamingos Target Quarter-Finals in Mexico Clash

Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.

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