Your investment in Nigerian stocks secured – NGX

The Nigerian Exchange Group has assured investors that their investment is secured.

Jude Chiemeka, Chief Executive Officer of NGX, disclosed this during a panel at the recent Afrinvest 2024 Banking Sector Launch in Abuja.

His comment comes as Nigerian banks rally investors through the NGX to achieve their recapitalization objectives.

Chiemeka underscored the exchange’s commitment to reforming listing rules and encouraging more companies to go public as part of a broader strategy to fortify the capital market.

“At NGX, our primary goal is to ensure that investors can engage the market with confidence.

“Our dedication to investor protection is integral to our mission of maintaining a fair, transparent, and efficient market,” he added.

Recall that in March 2024, the Central Bank of Nigeria raised the minimum capital requirements for all Nigerian banks.

The development has made Nigerian banks embark on investment initiatives to attract investors.