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The NGX is advocating for regulatory reforms to enhance its appeal and attract a higher number of li

In light of the recent trend of companies delisting from the Nigerian Exchange Limited (NGX), Dr. Umaru Kwairanga, Chairman of NGX GROUP, has urged the Federal Government to take the lead in implementing legislative changes and reforms aimed at increasing the attractiveness of listings.

He made these remarks during the Closing Bell ceremony held at NASDAQ in New York, organized in collaboration with the United States Chamber of Commerce, Nigerian Exchange Group Plc (NGX GROUP), and the Nigerian Investment Promotion Council (NIPC).

The Closing Bell ceremony was one of the events featured in the NGX Roadshow, with support from Stanbic IBTC, CardinalStone Partners, and Chapel Hill Denham. Kwairanga also encouraged the U.S. business community to explore additional partnership opportunities with Nigeria.

The chairman emphasized the necessity for reforms in the capital market that could unlock greater prosperity for the Nigerian economy. He also stressed the importance of enhancing pension reforms and making amendments to government-free zones to facilitate easier access to the capital market through listings.

Furthermore, he stated, "The removal of fuel subsidies and the liberalization of the foreign exchange market has instilled confidence in our capital market, resulting in a 29.04% surge in the Nigerian Exchange Limited's All-Share Index since President Bola Tinubu's inauguration."

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