NGX to invest more in the digital market as 2022 strategy.

The Nigerian Exchange Limited (NGX) has revealed its plan to transform the capital market and make more impact on the economy through digital transformation.

The Exchange highlighted five major areas of significant strides in 2022 as follows: building on digital transformation, listings and de-listings, technology, partnerships, and sustainability.

Popoola, while unveiling that the NGX strategy for 2022, said the exchange would keep building on the momentum of its digital journey across value chains, adding that there might be digitalis listings and digitization of its product or offerings.

He noted that this is important because the belly of the Nigerian demography is huge and the exchange currently represented by older people, needs the young generation and to bridge that gap, technology is needed and revealed that lots of work would be on experience, retail, integration of its market to financial service players especially banks.

While expressing confidence that few listings will take place on the platform of the NGX, Popoola said the exchange is looking at diversifying the types of listings across food, power, agriculture, hence having representation of GDP on the nation’s course.

“This year, the board and management of the NGX will be looking at the quality of companies that we have listed. Yes we want listings but as much as we want these listings, sometimes it just might be the right thing to enlist some companies voluntarily and that is to make sure we increase the level of governance as investors’ confidence on our platform is key. Also, those who fail to meet our requirements might also face delisting and all these are aimed to have a healthier market”, he said.

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