NGX Unveils Strategic Plan For 2022

The Nigerian Exchange (NGX) will focus on five major areas in the year as the Exchange seeks to deepen access and attract new generation of investors to the market.

Chief Executive Officer, Nigerian Exchange (NGX), Mr. Temi Popoola, said the Exchange would drive its growth in 2022 by focusing on five strategic areas, including building on digital transformation, listings and delistings, technology, partnerships and sustainability.

He noted that last year was a historic for the Exchange as the defunct Nigerian Stock Exchange (NSE) completed its demutualisation process, following statutory approvals from the Securities and Exchange Commission and Corporate Affairs Commission (CAC

Popoola said the NGX would seek to consolidate its historic status with a new verve of digitisation by creating innovative and automated access to the market while ensuring overall quality of listed companies and ease of capital raising process.

According to him, the Exchange would deploy strategic initiatives to attract financial technology (Fintech) firms to the stock market, including launching of a Nasdaq-style board for the listing of tech companies.

He added that the NGX would also accelerate the digitisation of its processes and operations to attract more investors, especially the millennials and youths, who are increasingly turning to alternative investment options.

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