CEM REPORT | The Nigerian Exchange (NGX) Limited has brokered a partnership with the Bank of Industry (BoI), that will facilitate advocacy initiatives that will develop the Nigerian capital market.
According to the Chief Executive of the Exchange, Temi Popoola, the partnership sealed by a signed Memorandum of Understanding (MoU), by both organizations, will promote information flow to SMEs on how they can be listed in the capital markets.
“NGX will work closely with BOI to create a seamless avenue for divestments through the listings of any of its investee companies on the Boards of NGX,”
“collaboration will support various advocacy initiatives to develop the Nigerian capital market, promote information flow to small and medium enterprises (SMEs) about the capital market listing procedures and facilitate training for potential issuers on the various product initiatives.”
The Chief Executive of BoI, Olukayode Pitan added that the partnership will lead to the development of initiatives that will educate all stakeholders, especially large enterprises and SMEs, especially on ways to access alternative financing options.
“Through this partnership with NGX, BOI will encourage companies in which it has equity holdings as well as its pool of current and past borrowers to approach the exchange for initial public listings which will serve as a veritable window for divestments and access to wider funding options,”
