Dangote Cement, FBN Holdings, and Zenith Bank have now been listed on the Nigerian Stock Exchange’s (NSE) new premium Board.
The NSE has launched a new listing platform, the Premium Board and the associated Premium Board Index in keeping with its commitment to promoting Africa’s biggest companies as well as influencing the economic growth and development of Nigeria.
The Board will feature companies that meet the exchange’s most stringent listing criteria capitalization, governance and liquidity.
It aims to provide a platform for greater global visibility for eligible African corporates to make it easier for them to attract global capital flows and reduce cost of funding.
CEO of NSE, Mr. Oscar Onyema, said, “The Premium Board is one result of our commitment to place corporate governance at the front and Centre as a way to improve the climate of doing business in Africa.’’
According to Onyema, the Premium Board Index would serve as a benchmark for investors looking to track the performance of large firms with excellent corporate governance and sustainable business models.
Also speaking on this development, the executive director, Business Development, NSE, Mr. Haruna Jalo-Waziri, stated that the Premium Board is for issuers with a minimum market capitalization of N200 billion and the highest corporate governance standards.
