Key points
- NGX Group reaffirms commitment to promoting corporate governance in partnership with CIoD Nigeria.
- Exchange emphasises strict compliance, monitoring and sanctions to protect investors.
- Stakeholders urged to uphold ethical leadership amid evolving business landscape.
Main story
The Nigerian Exchange Group Plc (NGX Group) has reaffirmed its commitment to strengthening corporate governance standards through strategic collaboration with the Chartered Institute of Directors Nigeria (CIoD).
Chairman of NGX Group, Umaru Kwairanga, made this known at the unveiling of the CIoD 2026 Corporate Governance Outlook held in Ikoyi, Lagos.
Kwairanga described CIoD as Nigeria’s foremost professional body for directors, noting its pivotal role in advancing governance practices through training, research and advocacy across both the public and private sectors.
He stressed that in an increasingly dynamic and complex business environment, directors must remain guided by strong ethical principles in their decision-making processes.
“Good ethical values should serve as a compass guiding directors, especially in today’s rapidly changing business landscape,” he said.
The issues
The NGX chairman noted that corporate governance remains critical to maintaining investor confidence and ensuring the long-term sustainability of businesses.
He explained that as the primary listing platform for companies seeking public quotation, the Exchange has a responsibility to enforce strict governance standards.
Kwairanga added that corporate governance requirements are embedded within NGX’s listing rules, making compliance mandatory for all listed entities.
What’s next
NGX Group pledged to sustain and deepen its collaboration with CIoD to enhance corporate governance frameworks and support the development of responsible leadership across sectors.
Stakeholders are also expected to leverage insights from the Corporate Governance Outlook to improve compliance and adapt to evolving regulatory and market demands.
Bottom line
Strengthening collaboration between NGX and CIoD is expected to reinforce corporate governance standards in Nigeria, boost investor confidence and promote sustainable business practices.
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