NGX to consolidate on demutualisation

The Board of the Nigerian Exchange (NGX) has approved a new strategy on digital transformation, strategic partnerships and customer-centric solutions as part of ongoing activities aimed at improving business operations and processes at the Exchange.

The NGX explained that the new strategy will ensure that it becomes a leading organisation with a focus on deepening the capital market, diversifying our products and services, enhancing retail participation, and delighting our stakeholders across board.

According to the Exchange, the new strategy comes on the back of impressive performance recorded after the demutualisation.

In 2021, NGX experienced growth in trading figures with the NGX All Share Index (ASI) returning 6.1 per cent and turnover in the fixed income market increasing by 158.19 per cent. Equity capitalisation rose by 5.89 per cent, while fixed income figures rose by 12.81 per cent during the year.

The NGX outlined that several landmark transactions were also recorded including the first-ever end-to-end digital offer in the Nigerian capital market and the ground breaking listing of BUA Cement Plc’s N115 billion bond, the largest corporate bond issuance, among others.

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