Osinbajo Commends NGX on Successful Demutualisation

The Vice President, Professor Yemi Osinbajo, has commended the Management of Nigerian Exchange (NGX) Limited on the successful completion of the demutualisation of exchange.

Osinbajo gave the commendation during a courtesy visit to his office by the management of the NGX, which was led by its Chief Executive Officer, Mr. Temi Popoola,

He urged the management of the company to explore areas to deepen the capital market by venturing into emerging frontiers and assured the management of the NGX of the government’s support by way of policy to enable the organisation and the capital markets reach greater heights.

Popoola, in a presentation at the statehouse, reportedly said that the NGX has “been repositioned for profit and to align to the tastes and preferences of the market. Under this new arrangement, the market will be opened up for more companies to be listed, resulting in more revenues for government as listed companies are more responsible to the environment they operate in. We, therefore, appeal to the federal government to support the rejuvenation of the exchange, and we assure you of better times ahead both for the public and corporate.”

Also present at the visit were Acting Head, Business Support Services, NGX, Mrs. Irene Robinson-Ayanwale; Head, Listings Business, NGX, Mr. Olumide Bolumole and Head, Government Relations, NGX, Mr. Soji Akinyele.