Apparently concerned with the dearth in listings in the capital market, the Nigerian Exchange Limited (NGX) has announced it is working on revamping the rules to listings on its platform.
This, it said, is part of a broader strategy to strengthen the capital market and have positive implications for the overall economy, including increased revenues and a more vibrant market ecosystem.
Its Chief Executive Officer, Jude Chiemeka, disclosed this during a panel session of the launch of Afrinvest 2024 Banking Sector themed; Recapitalisation: Catalyst for a $1 trillion Economy, which held recently in Abuja.
Chiemeka noted that the exchange’s focus on revamping listing rules and encouraging more companies to go public is part of a broader strategy to strengthen the capital market.
He noted that as more companies list, the market capitalization is expected to grow, providing more investment opportunities and potentially leading to more robust economic indicators.
He added that the growth will also make the market more attractive to foreign investors, further increasing liquidity and market stability.
