NGX Group lists a total of 1.964bn shares on NGX



Nigerian Exchange Group Plc (‘NGX Group) has listed its shares by introduction on the Main Board of Nigerian Exchange Limited (‘NGX’).

The Company, having satisfied the Listing Requirements of The Exchange and obtained relevant regulatory approvals, NGX Group is now listed in the Financial Services and Capital Market Infrastructure sector of the Exchange, with the ticker “NGXGROUP”.

The company listed a total of 1,964,115,918 shares for trading, representing the issued share capital of the Group as of today.

Commenting on the listing, the Group Chairman, Nigerian Exchange Group Plc, Otunba Abimbola Ogunbanjo said, “Today’s Listing of NGX Group on NGX is another milestone attained pursuant to the Group’s 2018 – 2021 corporate strategy. Our shareholder base has more than doubled since our demutualisation in March 2021 and our valued shareholders will benefit from the enhanced liquidity that listing on The Exchange will facilitate. This listing will also enable a much wider universe of potential investors and market participants to share in our growth journey. As a Board, we embrace the letter and spirit of the listing requirements and we are committed to transparent disclosure, proactive stakeholder engagement and exemplary corporate governance.”

The Group Managing Director/Chief Executive Officer, NGX Group, Mr. Oscar N. Onyema said , “Today’s listing of NGX Group on the nation’s premier Exchange, NGX, will enable institutional investors globally as well as the Nigerian public to invest in Nigerian Exchange Group Plc. With strengthening market dynamics, serving the largest economy in Africa, NGX Group’s listing allows us to expand in key capital market infrastructure verticals and look beyond Nigeria’s borders, as we deliver on our growth plans to become Africa’s leading capital market infrastructure group.”