SEC to boost NGX listings with govt-owned enterprises

The Securities and Exchange Commission has encouraged government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd.

The Director-General of SEC, Emomotimi Agama, disclosed this in an interview with newsmen in Abuja on Thursday, NAN reports.

Agama highlighted that listing on the NGX would promote the democratisation of operations within these entities, stating, “Listing will guarantee inclusiveness and facilitate wealth creation for citizens,” he stated.

He added that to support the initiative, the SEC would offer incentives to encourage state-owned enterprises to list on the exchange.

“Inclusivity is crucial as it fosters ownership, enabling us to collectively build our industries and the nation,” Agama said.

He added that the SEC was also focusing on enhancing market inclusivity through technological advancements.

Agama emphasised that leveraging technology would make the capital market more appealing, particularly to younger investors.

“We support the use of apps and fintech tools, and we backed the inauguration of the electronic offering platform at the Nigerian Exchange,” he added.

He encouraged qualified individuals to participate in the process, aiming to transform the investment experience.

“We want investors to enjoy a seamless and pleasant experience each time they invest,” Agama remarked.

He stressed that the SEC was committed to removing common bottlenecks in the investment process to invigorate the country’s capital market.

The PUNCH reports that the SEC has granted Nigerian Exchange Limited approval to launch its Impact Board, a platform to enhance the listing and visibility of sustainability-focused instruments. Agama stated that the NGX Impact Board was designed to cater to green financial products, address climate change and promote sustainable economic practices.