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NGX remains the Preferred Listing Platform for Capital Raising

by Tribune Online
July 9, 2022
in Business
Reading Time: 5 mins read
A A
NGX Banking stocks market ,Equities market maintains, Equities market recoup, Local stock market bows, Positive sentiments persist, Equities market opens week bullish, Bulls persist at NGX as equities investors earn N133.4bn , Equities market, Equities market opens December, Equities market rebounds, NGX ASI dips by 0.24% as investors lose N61bn, Equities market opens, Airtel Africa, BUA Foods pushes stock market to 5th consecutive gain, Equities investors lose N21.3bn as bear resurfaces at NGX, Investors gain N131.9bn, Equities market maintains bearish stance as investors lose N17.7bn, Equities investors lose N71.9bn, Equities investors earn N252.1bn as bulls persist at NGX, Equities market dips by 1.8% despite robust trading activities, Gains in Dangote Cement's stock halt losses at NGX, Local stock market halts bullish trend as investors lose N127.1bn, Local stock market maintains bullish run as investors earn N60.97bn, NGX: BUA Cement stocks keep market on positive territory as investors earn N178.4bn, Selloffs of Banking stocks, Investors earn N12.5bn , Equities market reverses, BUA Cement losses further, dips local stock market by 0.5%, Shareholders query NGX over impending resolutions, NGX: High Cap losses pull equities market lower by 0.1%, Nigerias inflation rate in August , Local stock market halts negative trend as investors earn N25bn, Large Cap stocks losses, Local stock market opens week bearish as investors lose N30bn, Equities investors earn N65bnEquities investors lose N78bn as bears persist at NGX, investors lose N10bn, Equiti, es investors lose N18bnNigerias inflation rate soars , Local stock market slips further by 2.26% as ASI settles below 50,000bps, Equities investors lose N125bn as market opens week weaker by 0.6%, Equities market reverses gain, ASI dips by 0.1%, Local stock market rebounds by 1.4% as investors earn N364.4bn, Equities investors lose N868.03bn in 5days as lulls persist at NGX, Local stock market Equities market falls, Stock market shed N127bn , Local stock market records 3rd consecutive losses as ASI dips by 0.12%, Local stock market opens, Negative sentiments persist at NGX as investors lose N124bn, Negative sentiment persists at NGX, NGX: Equities investors gain N28bn as market opens week bullish, NGX posts 3rd-day loss amid selloffs of Airtel Africa, BUA Foods shares, Inflation rate hits 11-month high, Equities investors lose N634.6bn as NGX ASI dips by 2.2% WoW, Bears persist at NGX as investors further lose N518bn, Bears persist at NGX as equities investors lose N19bn, Equities investors lose N101.36bn,

Capital market stakeholders have commended the Nigerian Exchange Limited (NGX) for providing a vibrant listing platform for government and corporates to meet their business objectives.

At the NGX CEO Roundtable, themed, “Creating the Enabling Ecosystem for Accessing Capital from the Nigerian Capital Markets”, key stakeholders in the capital market ecosystem came together to address and proffer solutions to the challenges faced by issuers in raising capital in the market.

In his opening remarks, Chairman, NGX, Mr Abubakar Mahmoud, said that “we convened this Roundtable with the ultimate objective of enhancing the listing experience for listed companies and providing useful insights to prospective companies.

NGX, as Nigeria’s premier securities exchange, remains strategically positioned to support the aspirations of its stakeholders and the Nigerian economy as a whole and we believe the deliberations from the panel sessions will help us improve our operations and offerings in listings experience, market development, advocacy, and investment opportunities.”

Giving the keynote speech, Honourable Minister of Industry, Trade, and Investment, HE, Otunba Adeniyi Adebayo said the Federal government is working diligently to improve the economy through diversifying the economy and strengthening institutions and structures.

Additionally, he said, “as more of our startup companies grow and mature, we must ensure that there is access to a range of financial options to support their expansion plans”.

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Honourable Minister of Finance, Budget and National Planning, Dr (Mrs) Zainab Shamsuna Ahmed in a goodwill message, said as a nation faced with the burden of economic recovery as a result of the global pandemic, the capital market is an efficient, reliable solution for businesses to raise capital and for investors to grow wealth.

Ahmed who was represented by the Permanent Secretary at the Ministry of Finance, Alhaji Aliyu Ahmed, said the theme of the roundtable is apt and will contribute to providing a deep, liquid and, integrated capital market which will deepen the alternative sources of finance and boost investors’ confidence to invest long term in the capital market.

On his part, the Director General, Securities and Exchange Commission, Mr Lamido Yuguda noted that the theme of the roundtable resonates with the mandate of the Securities and Exchange Commission in developing and regulating the market while protecting investors.

“The Commission welcomes the sound initiatives of NGX as it continues to engage with experts on for changes that will lead to a more desired expansion of the market”, he added.

Mr Temi Popoola, CEO, Nigerian Exchange Limited reassured stakeholders of NGX’s commitments to improving issuers’ experience by providing a platform that enables companies to raise capital more efficiently whilst protecting investors.


“As part of efforts to improve the listing experience of current issuers and attract new listings, NGX has intensified efforts with policymakers to shape reforms and policies that are supportive of listings and the capital market at large.

We are strengthening the value proposition for corporates to consider the capital markets as a platform for raising capital and working to ensure we are competitive when compared to options that are available to issuers.

We are, therefore, actively involved in contributing to policy formulation and advocacy to ensure an enabling environment for listings, including, working with several stakeholders to ensure that the time to market and the costs for listing are optimized.”

Speaking on the benefits derived from listing on the Exchange, CEO MTN Nigeria Communications Plc, Mr. Karl Toriola, noted that MTN has received incredible support from NGX in its listing journey, which has enabled the brand to deepen and diversify its shareholder base.

He mentioned that NGX’s corporate governance requirements and strong guidance provide credibility around the capital market and grant access to the wider public.

He further explained that MTN Nigeria’s recent public offer launched on the Exchange saw about 78% percent of women subscriptions with 80% under the age of forty-one which shows the drive for financial inclusivity.

Furthermore, CEO, BUA Foods Plc, Engr Ayodele Abioye, said that listing on the Exchange allows for democratization and public participation which has enhanced the credibility of the BUA brand. “Listing on NGX presents opportunities for companies to raise capital, fund business growth and implement expansion plans. In the first few weeks of our listing our shares valued at N18bn on the Exchange, increased by 66 per cent.

As our share prices continue to stabilize, our shareholder base has grown by about 400 per cent since listing on the Exchange and we are beginning to see investors’ confidence in our business”, he added.

On the improvement opportunities in the listing process, speakers at the roundtable argued that there is a need to shorten the time to market and reduce the cost of transactions.

Sharing optimism for the future of the capital market, it was also noted that the regulatory process has improved over the past decades with significant progress under the current administration.

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NGX remains the Preferred Listing Platform for Capital Raising



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