NSE Joins Global Surveillance Group

Nigerian Stock Exchange (NSE) has been admitted by the Intermarket Surveillance Group (ISG) as the alliance recently informed NSE that its application to join the ISG was successful after a rigorous review process.

The admission of the NSE to the ISG is an indication that the NSE’s surveillance capacity is of international standard and will contribute to raising investor confidence in the Nigerian capital markets. 

Ms. Tinuade Awe, head of the Legal and Regulation Division of The Exchange noted that it is a thing of pride that The NSE is the first African Stock Exchange to become a member of the ISG.

“Membership of the ISG will enable The NSE to exchange market surveillance information with other ISG members and strengthen its capacity in this area” said Awe. 

Shedding more light on the development, Mr. Abimbola Babalola, head of Market Surveillance at NSE, shared: “The Nigerian bourse looks forward to sharing best practices with other ISG members, benchmarking our surveillance program against best markets worldwide and taking appropriate steps to ensure that our market is well monitored with infractions at a minimal level.” 

Membership of the ISG is open to all securities exchange and capital market regulators that meet the qualifying criteria with respect to market surveillance capacity, right to information arrangements, and freedom of sharing information with other members.