Chief Executive Officer (CEO) of Nigerian Exchange (NGX), Mr. Temi Popoola, says the unprecedented growth of the Nigerian Capital Market in recent times is due to President Bola Ahmed Tinubu\u2019s policies.
\nPopoola, who was speaking at the NGX, midweek, in Lagos, attributed the staggering growth of the Nigerian Capital Market to increased focus, emphasis on regulations, and the return of investors\u2019 confidence in the market due to policies implementation by the Tinubu administration.
\nThe CEO said NGX would work with the government on the introduction of fiscal incentives for listed companies, saying that the Exchange would also increase its advocacy for listed companies on their challenges.
\nHe underlined the importance of the capital market to the ongoing economic renewal programmes of the government, noting that the ability to raise capital for smaller corporates will drive the growth of the nation\u2019s economy.
\nPopoola further noted that in order to unlock capital, there is a need to tap into retail investment.
\nNGX, he explained, is strategically working with the government on attracting more listings to its platform among other objectives.
\n\u201cIt is very clear that the government needs as much support as it can get. We are working with all stakeholders: the SEC, other exchanges, just across the market to address key challenges around wealth creation and revenue generation.
\n\u201cCurrently, we are working through a plan tagged \u2018fiscal-type incentives for listed corporates\u2019 as Nigeria is one of the few geographies where a listed company can barely point at any tangible fiscal thing that they enjoy by being listed.
\n\u201cWe will also be engaging corporates to further identify their pain-points and amplify that with the government\u201d, he said.
\nPopoola spoke at closing gong ceremony in honour of the new Chief Executive Officer, Dangote Cement Plc, Mr Arvind Pathak.
\nHe commended the performance of Dangote Cement in its 2022 financial numbers, while assuring that the Exchange is keen to continue working with more stakeholders in the industry.
\nPathak said having made giant strides in its debt capital market journey, Dangote Cement is optimistic about its future growth and strategy prospects.
\nThe new CEO said the company is looking forward to fostering partnership with the Exchange on evolving ways to promote the growth of the Nigerian capital market, while providing additional value to its unwavering shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chief Executive Officer (CEO) of Nigerian Exchange (NGX), Mr. Temi Popoola, says the unprecedented growth of the Nigerian Capital Market in recent times is due to President Bola Ahmed Tinubu\u2019s policies. Popoola, who was speaking at the NGX, midweek, in Lagos, attributed the staggering growth of the Nigerian Capital Market to increased focus, emphasis on […]<\/p>\n","protected":false},"author":1,"featured_media":298158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"yoast_head":"\n