{"id":37948,"date":"2020-01-28T11:42:10","date_gmt":"2020-01-28T10:42:10","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=37948"},"modified":"2020-01-28T11:42:10","modified_gmt":"2020-01-28T10:42:10","slug":"nse-set-to-launch-growth-board-for-high-growth-companies","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nse-set-to-launch-growth-board-for-high-growth-companies\/","title":{"rendered":"NSE Set To Launch Growth Board For High-Growth Companies"},"content":{"rendered":"

The Nigerian Stock Exchange is set to launch its Growth Board at The Exchange, Lagos on Wednesday, 29 January 2020.\u00a0 The launch of the Growth Board provides issuers with the opportunity to leverage on the Exchange for listing, raising long term capital and facilitating liquidity in the trading of their shares.<\/p>\n

With a total of 41.5 million Micro, Small and Medium Enterprises operating in Nigeria, the launch of the Growth Board is designed to encourage the listing of growth companies and provide them with a cost-effective platform to raise the capital needed to scale, attract investors, enhance corporate visibility and put in place a regulatory structure that fosters growth.<\/p>\n

The Growth Board is established as part of the NSE\u2019s initiative to elevate the Nigerian capital market and meet the needs of businesses at every phase of their lifecycle. Up until\u00a02015,\u00a0NSE maintained two boards \u2013 the Main Board and Alternative Securities Market (ASeM). The Main Board targets well-established companies with a demonstrable track record of commitment to high standards of disclosure and corporate governance, while the ASeM Board is a platform with an additional focus on small to mid-sized companies.<\/p>\n

On\u00a0<\/i>August 25,\u00a02015, the Exchange launched the Premium Board for companies that meet the Exchange\u2019s most stringent listing criteria of capitalization, corporate governance and liquidity.\u00a0 It aims to provide a platform for greater global visibility for eligible African corporates to make it easier for them to attract global capital flows and reduce the cost of funding.<\/p>

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Commenting on the Growth Board, Mr. Olumide Bolumole, Head, Listings Business Division said, \u201cThe launch of the NSE Growth Board further re-affirms NSE\u2019s long standing tradition of supporting the development of SMEs in Nigeria by offering entrepreneurs opportunities to access finance and scale their businesses.\u00a0 The Growth Board is expected to attract small to medium-sized companies that exhibit the potential for fast growth in their corporate earnings and are in the growth phase of their business cycle.\u00a0 It will also offer investors the opportunity to invest in such companies with potential for high returns\/capital gains.\u201d<\/p>\n

In line with its efforts to deliver value to listed companies, the Exchange will present companies aspiring to list or are listed on the Growth Board with access to its Value Added Services program that are designed to; create competitive edge for listed companies, facilitate new listings, stimulate investors\u2019 interest through enhanced information delivery and assist companies in complying with post listing obligations to retain their listing status. Growth Board companies will enjoy the full complement of Value Added Services (Institutional Services; Investor Relations; Analyst Coverage, Corporate Access and Corporate Governance), expanded Designated Advisers, reduced NSE fee structure, reduced pre and post listing obligations and increased turnaround time for approvals and time to market.<\/p>\n

\n<\/p>","protected":false},"excerpt":{"rendered":"

The Nigerian Stock Exchange is set to launch its Growth Board at The Exchange, Lagos on Wednesday, 29 January 2020.\u00a0 The launch of the Growth Board provides issuers with the opportunity to leverage on the Exchange for listing, raising long term capital and facilitating liquidity in the trading of their shares.<\/p>\n","protected":false},"author":6,"featured_media":37938,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[6753,6754],"coauthors":[2391],"class_list":["post-37948","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-growth-board","tag-high-growth-companies"],"yoast_head":"\nNSE Set To Launch Growth Board For High-Growth Companies - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nse-set-to-launch-growth-board-for-high-growth-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE Set To Launch Growth Board For High-Growth Companies - 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