NGX Foresees N300trn Market Capitalisation Amidst New Listings
Kayode Tokede The Chairman of The Nigerian Exchange Group (NGX), Umaru Kwairanga has said that the group is projecting a N300 trillion market capitalisation with new listings as the capital
The Nigerian Exchange Group (NGX) has projected a market capitalization of N300 trillion with new listings as the capital market aims to play a more significant role in Nigeria's pursuit of a $1 trillion economy. Chairman Umaru Kwairanga emphasized the need to attract more retail investors, deepen market participation, and expand investment opportunities, urging the government to encourage more state-linked companies, particularly in the energy and technology sectors, to list on the market.
He also noted that fintech company OPay is working towards a domestic listing, with President Tinubu asking the Central Bank of Nigeria (CBN) to examine the matter. The NGX Group is optimistic about the transformative potential of technology in the capital market, with continued innovation essential for attracting younger investors and making investment opportunities more accessible.
The Association of Issuing Houses of Nigeria (AIHN) celebrated its 30th anniversary and annual awards, recognizing firms for their contributions to the capital market, with Stanbic IBTC Capital Limited emerging as a leading winner in various categories.
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