By Goddy Egene
President Muhammadu Buhari has described the demutualisation and transitioning of Nigerian Stock Exchange (NSE) to the Nigerian Exchange Group (NGX) Plc as the beginning of a new era for the nation’s capital market.
Buhari spoke yesterday when the NGX Group hosted him at the launch of its campaign titled: ‘The Stock Africa Is Made Of.’
The demutualisation of the NSE led to the creation of the Nigerian Exchange Group Plc (NGX Group) with three operating subsidiaries. The subsidiaries are: Nigerian Exchange Limited (NGX Limited) that will be the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulation company; and NGX Real Estate Limited (NGX RELCO), the real estate company.
Nigerian bourse hosts President Buhari at The Stock Africa Is Made Of Nigeria-Bourse-Stock Africa May 18, 2021 to 19:28 188 APA – Lagos (Nigeria) The Nigerian bourse, the Nigerian Exchange Group (NGX Group) Plc on Tuesday hosted Nigerian President Muhammdu Buhari, at the launch of its campaign, The Stock Africa Is Made Of.
The virtual event was held to amplify NGX Group’s positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world, as well as spotlight the growth potential of the African continent.
Delivering his remarks prior to sounding the closing gong and bringing the day’s trading to a close, President Buhari said: “It is my pleasure to join you all at this important event organised to amplify the positive narrative about Africa and its great pot