SEC To Boost NGX Listings With Government-owned Enterprises

The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Limited (NGX).

Director-General (DG) of SEC, Mr. Emomotimi Agama, disclosed this initiative in a recent interview in Abuja, highlighting its potential to foster economic inclusivity and wealth creation for Nigerian citizens.

“Listing on the NGX will democratise operations and ensure inclusiveness, creating opportunities for wealth generation,” Mr. Agama stated, while stating that the SEC will offer incentives to support government-owned enterprises in joining the exchange.

Mr. Agama emphasised the importance of inclusivity in the capital market, noting that this would foster a sense of ownership among Nigerians and strengthen the nation’s industries.

“Inclusivity allows us to collectively build industries and the country,” he said.

In addition to encouraging listings, the SEC is also advancing market inclusivity through technology. Mr. Agama noted that fintech tools and apps are key to making the market more attractive, especially for younger investors. He highlighted SEC’s support for the electronic offering platform launched by the NGX, which aims to simplify the investment process.

“We are removing bottlenecks to ensure investors have a seamless experience every time they invest,” Agama added, pointing out that the SEC is committed to enhancing investor experiences and boosting market engagement.

In further efforts to develop the capital market, the SEC approved the NGX’s launch of an Impact Board. This platform aims to increase the visibility of sustainability-focused financial instruments, addressing climate change and promoting sustainable economic practices. The NGX Impact Board will facilitate the listing of green financial products, supporting a more environmentally conscious economy.