NGX, Stanbic IBTC seek more securities lending to deepen market liquidity

The Nigerian Exchange Limited and Stanbic IBTC Stockbrokers Limited have called for increased participation in securities lending and market making to enhance liquidity, improve price discovery, and bolster the efficiency of Nigeria's equities market. During a webinar, NGX CEO Jude Chiemeka emphasized the importance of liquidity as the "lifeblood of a functioning capital market" and highlighted the role of market making and securities lending in facilitating efficient trade execution and broader participation in the secondary market.

The Nigerian capital market currently has a combined capitalization of approximately N213tn, with eight designated market makers and an established securities lending framework in place, providing a strong foundation for further development through increased participation in these mechanisms.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.