The NGX, CIS, and market leaders have come together to honour Late Otunba Subomi Balogun

On Monday, the Nigerian Exchange Limited (NGX) joined forces with the Chartered Institute of Stockbrokers (CIS) and other prominent market stakeholders to honour the late Otunba Subomi Balogun, FCS, CON, the visionary creator of FCMB Group.The celebration provided as a poignant reminder of Balogun's significant contributions to the capital market, establishing an enduring legacy that is still shaping the sector.Mr. Temi Popoola, Chief Executive Officer of NGX, stressed the significance of Balogun's impact during the ceremony. "Today, we gather to pay tribute to an individual without whom our markets would not be what they are today," he stated. His influence has influenced innumerable professions, including mine." Popoola further conveyed gratitude for Balogun's pivotal role in expanding the industry, adding, "The Subomi family stands as a beacon of representation on the Exchange, and we are sincerely appreciative. Rest assured, they can rely on our unwavering support as they pursue their strategic goals." Alhaji (Dr) Umaru Kwairanga, Chairman of NGX Group, acknowledged Balogun's instrumental contributions to the development of investment banking in Nigeria. Notably, during his tenure at ICON Securities, Balogun laid the foundation for many of the nation's first equity offerings. Kwairanga noted, "His enduring legacy will be evidenced by the remarkable milestones he accomplished."