NGX, Stanbic IBTC seek more securities lending to deepen market liquidity

The Nigerian Exchange Limited (NGX) and Stanbic IBTC Stockbrokers Limited have called for increased participation in market making and securities lending to enhance liquidity, improve price discovery, and strengthen the efficiency of Nigeria’s equities market. During a webinar, NGX’s CEO, Jude Chiemeka, emphasized that liquidity is the "lifeblood of a functioning capital market" and that market making and securities lending are crucial components of a modern market infrastructure.

Stanbic IBTC’s Head of Equities Sales Trading, Jesse Van Rensburg, highlighted the importance of securities lending for market makers in managing two-way quotes and responding to liquidity conditions. The speakers underscored the complementary relationship between market making and securities lending, noting that increased access to these mechanisms can deepen market liquidity and support broader participation in the secondary market.

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