{"id":72066,"date":"2023-05-19T09:15:57","date_gmt":"2023-05-19T08:15:57","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=72066"},"modified":"2023-05-19T09:15:57","modified_gmt":"2023-05-19T08:15:57","slug":"ngx-to-collaborate-with-fg-on-listings-market-participation","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/","title":{"rendered":"NGX To Collaborate With FG On Listings, Market Participation"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the right policies that will promote and attract listings in the capital market. This was even as it revealed that despite a total of N360 trillion moved within the Nigerian economy in 2022, only N1 trillion made its way into the capital market.<\/p>\n

Its Chief Executive Officer, Temi Popoola made this known at a Closing Gong Ceremony held in honour of the CEO of StoneX Group for Europe, the Middle East and Africa (EMEA), Philip Smith in Lagos recently.<\/p>\n

Whilst stating that the market can thrive with an enabling policy from the government, Popoola said the exchange is looking to collaborate with the new administration to develop the right policies that will promote listings in the market.<\/p>\n

He said, \u201cThe age-old question for the capital market has always been how to get more corporates to list on the Exchange. Federal Government policies have influenced listings in the market. For instance, in the \u201970s, as a result of the indigenization policy introduced by the then administration, listings grew from 6 to 81.<\/p>\n

We are looking to collaborate with the new administration to develop the right policies that promote listings in our market with the support of stakeholders like the Chartered Institute of Stockbrokers (CIS), Association of Securities Dealing Houses of Nigeria (ASHON), Association of Issuing Houses of Nigeria (AIHN) and other.\u201d<\/p>\n

Highlighting the importance of retail participation in the Nigerian capital market, Popoola noted that with a total of N360 trillion moved within the Nigerian economy in 2022, only N1 trillion made it into the capital market.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

According to the NGX CEO, the Exchange is keen on growing Nigeria\u2019s retail participation and boosting investors\u2019 confidence in our market.\u00a0 He thereafter said the Exchange will continue to seek ways of supporting the new administration.<\/p>\n

Also speaking, Chief Executive Officer, StoneX Group for Europe, the Middle East and Africa (EMEA), Philip Smith noted that there is a need for the government to be conscious of the market by putting up structures that attract listings on the exchange.<\/p>\n

Smith also added that plans were underway to deepen retail participation in the Nigerian capital market. He said, \u201cIn the last 3 years, we have been able to operate new products, especially with our fixed-income product which I consider to be truly global.<\/p>\n

For his part, Chairman, StoneX Nigeria, Femi Fowora, said that as part of its commitment to the Nigerian capital market, StoneX Nigeria is ready to work with NGX in developing structures for retail investors.<\/p>\n

\u201cStoneX has been able to service major Nigerian corporates. We have been committed to this market for a very long time. We want to see what we can do with regards to retail investors and other areas working with NGX\u201d Fowora said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the right policies that will promote and attract listings in the capital market. This was even as it revealed that despite a total of N360 trillion moved within the Nigerian economy in 2022, only N1 trillion made its way into the capital market.<\/p>\n","protected":false},"author":6,"featured_media":64046,"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":[23,17],"tags":[8539],"coauthors":[2391],"class_list":["post-72066","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ngx"],"yoast_head":"\nNGX To Collaborate With FG On Listings, Market Participation - National Wire<\/title>\n<meta name=\"description\" content=\"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the\" \/>\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\/ngx-to-collaborate-with-fg-on-listings-market-participation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX To Collaborate With FG On Listings, Market Participation - National Wire\" \/>\n<meta property=\"og:description\" content=\"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T08:15:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1146\" \/>\n\t<meta property=\"og:image:height\" content=\"638\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png\",\"width\":1146,\"height\":638},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/\",\"name\":\"NGX To Collaborate With FG On Listings, Market Participation - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#primaryimage\"},\"datePublished\":\"2023-05-19T08:15:57+00:00\",\"dateModified\":\"2023-05-19T08:15:57+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NGX To Collaborate With FG On Listings, Market Participation\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NGX To Collaborate With FG On Listings, Market Participation - National Wire","description":"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/","og_locale":"en_US","og_type":"article","og_title":"NGX To Collaborate With FG On Listings, Market Participation - National Wire","og_description":"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the","og_url":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/","og_site_name":"National Wire","article_published_time":"2023-05-19T08:15:57+00:00","og_image":[{"width":1146,"height":638,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2022\/08\/NGX_Exchange_Identity_RGB.png","width":1146,"height":638},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/","name":"NGX To Collaborate With FG On Listings, Market Participation - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#primaryimage"},"datePublished":"2023-05-19T08:15:57+00:00","dateModified":"2023-05-19T08:15:57+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-to-collaborate-with-fg-on-listings-market-participation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"NGX To Collaborate With FG On Listings, Market Participation"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/72066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=72066"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/72066\/revisions"}],"predecessor-version":[{"id":72067,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/72066\/revisions\/72067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/64046"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=72066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=72066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=72066"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=72066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}