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NGX Records Improved Listings in Q1

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CEM REPORT, MARKET | In a renewed focus on listings for the year 2023, the Nigerian Exchange Limited has recorded N318.52 billion worth of listings in the first quarter of the year (Q1’23).

The listings which cut across its equities, fixed income, mutual funds, and derivatives categories were detailed in the bourse X-Compliance report for the quarter.

The report details that the Federal Government of Nigeria listed bonds worth N11.23 billion. The bonds constitute FGN Savings Bonds with maturities ranging between 2024 and 2026.

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Issuing the only bond by a sub-sovereign entity, Lagos State Government issued its N137.33 billion series 1V, 10-year 13%, Fixed Rate Bonds due 2031 under its N500 billion debt issuance program

Cn corporate listings the X-Compliance report reveals that the exchange recorded N112.42 billion senior unsecured bond listing from Dangote Industries Funding Plc and N31.36 billion in Sukuk Issuances from Taj Bank and Family Homes under their respective Sukuk Issuance programs.

It added that FTN Cocoa Processors Plc and Neimeth International Pharmaceuticals Plc both did supplementary listings of N850 million and N3.68 billion of shares respectively.

The local bourse also drove participation in its derivatives market with the listing of the NGX Pension Index Futures Contract and NGX30 Index Futures Contract.

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