Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Corporate Press Releases

NGX reiterate commitment towards fostering NCM’s growth via increased investor participation

... retail participation in the capital markets has continued to soar

NM Press by NM Press
April 1, 2022
in Corporate Press Releases
NNPC to partner with NGX on financing options to raise capital
Share on FacebookShare on TwitterShare on Linkedin

Nigerian Exchange Limited (NGX) remains committed to fostering the growth of the Nigerian capital market (NCM) through increased investor participation.

NGX made this known during a virtual Retail Investor Webinar tagged “Increasing Retail Participation Through Digitalization” in Lagos recently.

Delivering his opening remark, the Divisional Head, Capital Markets at the NGX, Jude Chiemeka, said retail participation in the capital markets has continued to soar across the globe over the years and attributed the increase to the technological advancements and digital innovations made especially during the COVID-19 pandemic.

Highlighting a 2021 report titled “The rise of newly empowered retail investors”, Chiemeka said that roughly, six million Americans downloaded a trading app in January 2021 alone, and retail brokerages witnessed record-high average daily volumes for equity and options trades.

“The increase in retail participation is also seen in the Indian stock market as active investor accounts increased by a record 10.4 million in India post-pandemic 2020.

While listing its efforts and strides to enhance investors’ participation in the NCM, Chiemeka noted that the Exchange is keen on collaborating with organizations with proven and reliable technological solutions in order to adapt to digital trends and technologies as well as innovate with new business models and products/services.

“An example of this innovation was experienced in December 2021, when the Exchange facilitated the public offer for sale of 575 million shares held in MTN Nigeria by MTN Group to investors particularly retail investors through the NGX PrimaryOffer app. The offer was priced at N169 per share and over-subscribed by 139.47 per cent.

The oversubscription led to the allocation of an additional 86.25 million shares by MTN totaling 661.25 million shares. A total of 126,720 retail investors submitted valid applications and received full allotment. More than 89 per cent of retail offer subscribers applied through the PrimaryOffer platform and 114,938 new Central Securities Clearing System accounts were opened by first-time investors”, he said.

According to him, this giant stride clearly shows the impact of digital transformation, allowing seamless and reliable market access for all categories of investors, including institutional and retail investors within and outside of the country.

“The importance of digitalization in the capital market to retail investors cannot be overemphasized as it would lead to increase in efficiency and improvement in financial literacy awareness of the market and its products.

The availability of various digital platforms (trading apps and portals) would provide retail investors the access to the market and convenience to execute trades themselves”, he said.

Chiemeka thereafter noted that the NGX will continue to leverage technology and collaborate with key stakeholders to increase retail participation in the NCM and remains committed to fostering the growth of the Nigerian capital market through increased investor participation.

Related

Tags: NGXNigerian Exchange Limited

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Retail investors with as low as N5,000 can now invest in FG Bonds
    • FG says Public Private Partnership required for AfCFTA to work in Nigeria
    • FMDQ Securities Exchange reports N15.39 trillion in May 2022

    Follow us on social media:

    Recent News

    DMO to auction N150 billion bond for May on behalf of FG

    Retail investors with as low as N5,000 can now invest in FG Bonds

    June 25, 2022
    Why FG is unbundling Nigeria’s rail sector – Sen. Gbemisola Saraki

    FG says Public Private Partnership required for AfCFTA to work in Nigeria

    June 25, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com