• Wednesday, December 06, 2023
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BusinessDay publisher gets ‘FMDQ Personality of the Decade’ award

Nigerian media in need of reader revenue model for sustainability

Frank Aigbogun, publisher of BusinessDay, has been given the ‘FMDQ Personality of the Decade’ award, a tribute in recognition of his market-building work through the media and in celebration of a decade of courageous advocacy for, steadfast commitment to and unwavering support of FMDQ Group’s vision, mission and aspirations.

The award was given at a well-attended gala night in Lagos to mark FMDQ’s 10th anniversary.

Bola Onadele. Koko, CEO of FMDQ Group, who presented the award to Aigbogun, recalled how 10 years ago he had visited the publisher to intimate him of the vision of FMDQ and he immediately bought into it, offering his unwavering support.

He said: “This pivotal support solidified his role as an instrumental partner in FMDQ’s outstanding journey. Till this day, and remarkably so, he continues to be a true strategic partner, strong advocate for our vision and mission, and a remains beacon in the media industry.

Read also: Nigeria cannot continue to borrow: We need to start cutting our cloth to our size – Frank Aigbogun

“Ladies and gentlemen, it is with great pleasure that I announce the recipient of the FMDQ Decade Personality Award – Mr. Frank Aigbogun – a distinguished journalist, the publisher and Chief Executive Officer of BusinessDay Media Limited. He is an ongoing advocate, a dedicated ally, and a champion of FMDQ and its markets.”

He said that under Aigbogun’s leadership, BusinessDay has not amplified financial awareness in Nigeria and invigorated investor engagement, enhancing the overall efficiency of the financial markets.

He said: “I invite you to join me in commending Mr. Frank Aigbogun with a resounding round of applause, as he receives the FMDQ Decade Personality Award in honour of his extraordinary impact on FMDQ and the financial markets.

“In celebrating Mr. Frank Aigbogun, we also celebrate the broader role of the media in our financial markets which often operates as an ‘unsung hero’ in our financial ecosystem. It is a recognition that the financial community values their unrelenting commitment to facilitating informed, transparent, and efficient financial markets.

“Mr. Aigbogun, a non-corruptible supporter and co-crusader, your exemplary journey through the echelons of journalism, your strategic insights as an economic visionary, and your unwavering dedication to factual reporting have greatly enhanced the reputation and reach of the Nigerian financial markets and served as a tailwind for FMDQ Group’s progress as a financial markets powerhouse. We thank you!”

Read also: BusinessDay Publisher, Frank Aigbogun wins at the Distinguished Service to Society Awards in Manchester, U.K

FMDQ Group has evolved over the years from an over-the-counter market to a full-fledged securities exchange, to a budding financial market infrastructure group, now structured a capital market holding company registered by the Securities and Exchange Commission.

The company has five wholly owned subsidiaries, namely FMDQ Securities Exchange Limited (Nigeria’s largest exchange by market turnover – with an annual average of about N169 trillion over the last nine years); FMDQ Clear Limited (the foremost central counterparty – with about $64 billion derivatives contracts cleared); FMDQ Depository Limited, an integrated securities depository; FMDQ Private Markets Limited, a private capital information repository; and iQx Consult Limited, an information technology services company.