Economic Outlook 2024: NGX Emphasizes Capital Markets as Catalyst for Growth

In a recent Board Strategy Retreat, Bismarck Rewane presented the Economic Outlook for 2024, focusing on investment opportunities and risks. The Nigeria Exchange Group (NGX), a pioneer market operator, outlined its goals as a vital player in the country’s economic landscape.

NGX, having transitioned from a Lagos-based fringe player to a global entity, now operates as a demutualized profit-making organization. It manages multiple asset classes, indices, and operates through three subsidiaries: Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX REGCO), and NGX Real Estate Limited (NGX RELCO).

The role of capital markets, particularly the stock market, was emphasized as a catalyst for growth. The stock market facilitates the mobilization of savings, debt and equity capital market activities, promotes public ownership, ensures corporate governance, and supports collective investor schemes.

Download the full report Here

Leave a Reply