NGX targets N300trn market cap, pushes for more listings
The Nigerian Exchange Group is targeting a N300 trillion market capitalisation and is pushing for more government-linked companies to list on the exchange. Read More: https://punchng.com/ngx-targets-n300trn-market-cap-pushes-for-more-listings/
The Nigerian Exchange Group (NGX) is aiming for a market capitalisation of N300 trillion, with a focus on attracting more government-linked companies to list on the exchange. Chairman Umaru Kwairanga highlighted the need to deepen market participation and expand investment opportunities, emphasizing the rise in market capitalisation from below N50 trillion to over N160 trillion in the past three years.
To achieve this target, the exchange is pushing for more listings from state-linked entities, particularly in energy and technology sectors, and has identified the Dangote Refinery's IPO as a major catalyst for boosting domestic retail participation.
Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
