 Business news. President Muhammad Abu Hari says dematerialization has brought about democratization of an important institution which, according to him, is a sign of a new era. The presidents stated this are the unveiling of the new Nigerian exchange brand, Nigerian Exchange Group. Plus, TV Africa's correspondent Destiny Momo monitored the ceremony virtually and now reports. Recently, the Nigerian stock exchange completed the long-awaited dematerialization process approved by the Cooperative Affairs Commission and is expected to produce a new non-operating holding company with three operating subsidiaries. President Muhammad Abu Hari says it's a new era for the exchange and Nigerians. The old Nigerians deserve congratulations for this feat as it is the beginning of a new era for the capital market. It is also important for me, dematerialization has brought about the democratization of an important institution such as the exchange. The Minister of Finance and Budget Planning alongside her counterparts in the trade ministry commended this laudable achievement. The dematerialization of the exchange, the first in Nigeria, is a landmark cross-action that generated intense global interest which is critical for the development of the Nigerian capital market. The dematerialization had been employed due to the vast number of benefits that it offers. One of these benefits is that it has enabled the remodeling of the ownership and corporate government structure of the Nigerian stock exchanges. Stock exchanges around the world are re-evaluating their business models as to be more innovative. International stock exchange partners also allowed the initiative. So from Luxembourg to Nigeria, we wish you all the best and look forward to deepening our cooperation in the field of sustainable finance. On behalf of ELSEG, congratulations on the launch of your new brand. I think it's great. You've created something fresh and bold that really speaks to this exciting moment for Nigeria's capital markets. The newly appointed CEO of the Nigerian exchange group shares his goal on consolidating on the efforts of the exchange. It's a privilege and honor for me to have been appointed the Group Managing Director and Chief Executive Officer of NGX Group. Nigerian exchange group PLC, we have a vision to be the premier exchange hub for Nigerian businesses and for the wider African economy. The three subsidiaries are the Nigerian exchange limited, the NGX regulation limited, and the NGX real estate limited. Experts say the mutualization is a laudable reform that has catapulted and amplified the African narrative as it transitions into a world-class infrastructure. Updates