The Group Chairman of Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, on Friday, 20th December 2024, commended the Greenwich Group for its outstanding contributions to Nigeria’s financial services sector as the company marked its 30th anniversary in grand style at the Oriental Hotel, Lagos.
In a statement personally signed by the Group Chairman of NGX on Saturday, 21st December 2024, Dr Kwairanga described Greenwich’s journey over the past three decades as a testament to vision, dedication, and resilience.
He noted that the company’s evolution from Greenwich Trust Limited in 1994 into a full-service financial powerhouse reflects its commitment to efficiency, innovation, and integrity.
The NGX Chairman particularly lauded the leadership of Greenwich’s founder, Mr Kayode Falowo, whom he compared to the legendary capital market pioneer, Otunba Subomi Balogun.
Kwairanga praised Falowo’s strategic foresight, which helped Greenwich navigate tough economic periods, including the 2009/2010 financial crisis, multiple recessions, and the COVID-19 pandemic.
“While many firms that started around the same time have fallen by the wayside, Greenwich has emerged stronger and more vibrant due to its strategic vision, robust risk management, and exceptional customer service,” Kwairanga stated.
Kwairanga highlighted the critical role organisations like Greenwich play in achieving the NGX’s goal of becoming a trillion-dollar exchange.
He pointed to milestones in 2024, including a market capitalisation exceeding ₦60 trillion and a 30% rise in the All-Share Index, which now stands at over 100,000 basis points.
He also disclosed plans for major listings in 2025, including NNPC and Dangote Refinery Plc.
Also in the statement, Dr. Kwairanga narrated how he invited Greenwich, which recently received approval in principle from the Central Bank of Nigeria for conversion to a holding company, to consider listing on the NGX as part of its growth strategy.
He described such a move as a fitting tribute to the legacy of Mr Kayode Falowo and a step towards solidifying the company’s leadership in the financial services industry.
Expressing optimism about Greenwich’s trajectory, Kwairanga envisioned a future where the company becomes a global financial powerhouse.
He conveyed his congratulations to the board, management, and staff of Greenwich, adding that he looks forward to attending their 50th-anniversary celebration.
The Greenwich 30th-anniversary celebration, themed “Celebrating the Past & Unveiling the Future,” underscored the company’s resilience and its role as a beacon of excellence in Nigeria’s financial sector.
