NGX Group Lists 1.96bn Shares On Exchange

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Left-Right: Otunba Abimbola Ogunbanjo, Group Chairman, Nigerian Exchange Group Plc (NGX Group), Temi Popoola, CFA, Chief Executive Officer, Nigerian Exchange Limited (NGX); and the bottom row shows Oscar N. Onyema, OON, Group Managing Director/Chief Executive Officer, NGX Group during a Digital Closing Gong ceremony commemorating the listing of NGX Group on NGX on 15 October 2021.
Left-Right: Otunba Abimbola Ogunbanjo, Group Chairman, Nigerian Exchange Group Plc (NGX Group), Temi Popoola, CFA, Chief Executive Officer, Nigerian Exchange Limited (NGX); and the bottom row shows Oscar N. Onyema, OON, Group Managing Director/Chief Executive Officer, NGX Group during a Digital Closing Gong ceremony commemorating the listing of NGX Group on NGX on 15 October 2021.

Nigerian Exchange Group Plc, in its quest to widen scope of access to new range of investors, has listed its entire issued and fully paid 1,964,115,918 ordinary shares of 50 kobo each at N16.15 per share.

The Nigerian Exchange Limited said in its market bulletin on Friday that the shares were listed by introduction on its main board following the approval of the application to list the shares.

The Chief Executive of NGX Group, Mr. Oscar Onyema, said during the digital closing gong ceremony on Friday that the listing had opened up new opportunities for the firm.

He said, “The demutualization of the Nigerian Stock Exchange created the opportunity to restructure and reposition the organisation to achieve our expanded vision to be the preferred and premier exchange hub for Nigerian businesses and the wider African economy.

“The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships.”

Investors Make Over N700bn from Dividends in the Capital Market YTD Capital Market Proshare - Facebook Proshare - Twitter Proshare - Linked In 361 VIEWS Proshare Monday, September 13, 2021 / 02:25PM / by NGX / Header Image Credit: Kiplinger Investors have earned over N700Billion from dividend payout by companies listed on Nigerian Exchange (NGX of the Exchange) Limited. So far, 58 companies across ten sectors of quoted companies on The Exchange have paid out N732,915,168,509.29. This is broken down as follows: financial services (21), consumer goods (7), industrial goods (6), oil & gas (5), healthcare (4), services (4), ICT (3), natural resources (2), construction/real estate (2), agriculture (2) and conglomerates (2). Overall, Dangote Cement has made the highest dividend payout, followed by MTN, GTCO, BUA Cement and Stanbic IBTC as top five highest dividend payment so far. DANGOTE CEMENT PLC INDUSTRIAL GOODS 272,648,118,480.00 MTN NIGERIA COMMUNICATIONS PLC ICT 92,613,034,377.00 GUARANTY TRUST HOLDING COMPANY PLC FINANCIAL SERVICES 79,464,183,904.00 BUA CEMENT PLC INDUSTRIAL GOODS 69,997,619,842.02 STANBIC IBTC HOLDINGS PLC FINANCIAL SERVICES 46,645,189,786.80 The financial sector has the highest number of companies paying dividend and value of dividend, with GTCO leading the pack at a payout valued at N79.46Bn. In the consumer goods sector, Nestle leads amongst the seven companies with a payout of N28.12Bn. Fidson leads the healthcare sector with payout of N521.59Mn. Total Nigeria takes the lead in oil & gas at N2.06Bn; UACN leads the conglomerates with N3.45Bn. In the industrial good sector, Dangote Cement Plc is the leader with N272.65Bn. MTN Nigeria takes the stage in ICT with N92.61Bn; Caverton takes the lead in services with N335.05Mn; while Okomu leads in the agriculture sector with N6.67Bn. Proshare Nigeria Pvt. Ltd. As part of its efforts to spur activity in the market, The Exchange continues to innovate and leverage technology to improve investors' experience. Recently, NGX announced the release of its enhanced X-Mobile - a trading app that provides market participants, especially retail investors, with convenient, faster and real-time access to information about NGX, its listed securities and Trading License Holders. Speaking on the development, the Chief Executive Officer, NGX, Mr. Temi Popoola, CFA stated, "The delivery of X-Mobile is in line with NGX's strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology. X-Mobile, therefore, provides a platform to engage with existing and potential investors who now have an increased appetite for data and detailed disclosure information to aid sound investment decisions. We are confident that the app will complement the NGX website and other NGX portals currently being used to provide information to market stakeholders". On his part, the Divisional Head, Trading Business, NGX, Mr. Jude Chiemeka, stated that, "X-Mobile affirms our commitment to make financial services more inclusive and provide a superior customer experience in the access and use of capital. The app has, therefore, been enhanced to ensure that capital market players and potential investors have the requisite resources to make the most out of their engagement with the market. We believe that X-Mobile is on course to become the primary interface for local and international investors to stay abreast of market trends and domestic economic performance". As a multi-asset securities exchange offering equities, fixed income and exchange-traded funds, NGX continues to make concerted efforts to attract investors to the market through its innovative products and services, engagement sessions, and investment education initiatives. It would be recalled that it recently held a retail investors webinar with the theme, Green and Sukuk Bonds: More Than Just Investing, which provided investors with an in-depth view of the sustainable finance space and how to leverage same for returns. With these positive actions, investors can look forward to a thriving capital market with diverse solutions to meet their investment needs.
Left-Right: Otunba Abimbola Ogunbanjo, Group Chairman, Nigerian Exchange Group Plc (NGX Group), Temi Popoola, CFA, Chief Executive Officer, Nigerian Exchange Limited (NGX); and the bottom row shows Oscar N. Onyema, OON, Group Managing Director/Chief Executive Officer, NGX Group during a Digital Closing Gong ceremony commemorating the listing of NGX Group on NGX on 15 October 2021.

Meanwhile, the NGX said it would be re-launching its market-making program as approved by the Securities and Exchange Commission in a bid to deepen liquidity in the capital market.

It said in a statement that the announcement came on the back of a review of its rules to provide the flexibility to implement diverse market-making programs across all asset classes listed on the exchange.

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