Nigerian Exchange Limited (NGX) says it is collaborating with the Centre for International Private Enterprise (CIPE) through its specialized learning hub, X-Academy.
In a statement, the Exchange said the partnership aims to fill the capacity gap in corporate compliance expertise and knowledge in the African business environment and to provide effective resources to help local companies translate their corporate ethics commitments to a robust system of compliance that ensures that they can conduct business with integrity.
“X-Academy will work with CIPE to provide companies of all sizes across Nigeria with practical solutions that will promote ethical business practices and make the Nigerian corporate landscape safer for conducting business. Through workshops and advisory services, participating companies in the program will be empowered to proactively reduce opportunities for fraud and other malpractice across their business processes,” the statement read.
Speaking about the collaboration, Head, NGX X-Academy, Ms. Ugochi Obi, said, as a training hub the Academy is contributing immensely to deepening knowledge across the capital and money markets in Nigeria.
“We consider it imperative to avail businesses and organisations with the appropriate training and tools that will help them attain globally acceptable transparency and accountability standards, which will, in turn, help them to attract global investment opportunities.
“To this end, NGX has partnered with CIPE, an organisation that has the pedigree and demonstrable track record of helping its stakeholders to navigate the often complex terrain of regulatory compliance and entrench good governance practices in their key activities – two key elements to actualise our goal.” she added.
For her part, Senior Program Lead for Africa, CIPE, Mrs. Lola Adekanye, said the partnership will help create an enabling business environment.
“We are thrilled to have a critical stakeholder in Nigeria’s business ecosystem join us to lay the foundation to create a more transparent and attractive business environment. Enabling compliance with sound business integrity practices is at the core of attracting investment and boosting growth in the country.
“CIPE is pleased to welcome NGX to the Africa Business Integrity Network (ABIN) and we look forward to leveraging our individual strengths to embed ethics and integrity in the business culture, and ultimately bring value to the Nigerian economy.”
According to Adekanye, the partnership will help galvanise business-led efforts to reduce the risk of corruption, boost shared prosperity in an economically sustainable manner and promote market-oriented values by advancing business ethics and integrity principles in companies and across the business environment.
“It will also enable the academy to deploy compliance and board evaluation consultancy for organisations.”
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