{
  "id": 353085,
  "title": "NGX wants Nigerians to own stakes in Indorama, NLNG through listings",
  "url": "https://urgent.news/2026/08/09/ngx-wants-nigerians-to-own-stakes-in-indorama-nlng-through-listings",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-09T06:43:27.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/09/ngx-wants-nigerians-to-own-stakes-in-indorama-nlng-through-listings/"
  },
  "original_language": "en",
  "account": "The Nigerian Exchange Limited's CEO, Temi Popoola, has urged the Federal Government to encourage public listings of key national assets like Indorama Eleme Petrochemicals Limited and Nigeria LNG Limited on the Nigerian Exchange. During a meeting with President Bola Ahmed Tinubu, Popoola argued that listing major state-linked enterprises could enhance the country's capital market, increase wealth creation opportunities, and unlock economic value. He noted that previous government-backed initiatives have played a significant role in developing the Nigerian capital market, suggesting that they could serve as a blueprint for future reforms. Popoola proposed that listing stakes in strategic assets such as NLNG, Indorama Eleme Petrochemicals, and NNPC's selected portfolio could boost market capitalization and investor participation. He believed several of these companies already had provisions for future listings, making them ideal candidates for public offerings. The CEO emphasized that such listings would not only provide more investment opportunities for Nigerians but also create new avenues for raising long-term capital to fuel economic growth. Popoola pointed to successful landmark listings in the past, such as MTN Nigeria, which expanded market participation and greatly increased the depth and value of the Nigerian capital market. He suggested similar initiatives involving large industrial and energy assets could replicate these benefits and attract both domestic and international investors. The proposal to list government stakes in strategic enterprises comes as the NGX seeks to expand the size and depth of the Nigerian capital market. Popoola also called on the Federal Government to encourage major fintech companies, including Opay and PalmPay, to pursue local listings alongside any planned foreign stock market debuts. He emphasized that while Nigeria should remain open to global capital markets, local investors should also have the chance to benefit from the value created by companies generating significant revenues within the country.",
  "summary": "The Chief Executive Officer of Nigerian Exchange Limited (NGX), Temi Popoola, has called on the Federal Government to leverage the capital market as a tool for economic transformation by listing stakes in strategic national assets like Indorama Eleme Petrochemicals Limited on the Nigerian Exchange. The post NGX wants Nigerians to own stakes in Indorama, NLNG through listings appeared first on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}