Despite the weak macroeconomic situation, Nigerian Exchange (NGX) Limited continues to provide issuers with a platform that allows them meet their strategic business objectives as Federal Government and corporates have so far raised N4.58 trillion from the capital market via the fixed income segment from Jan to June 3, 2021.

Data obtained from NGX’s X-Compliance Report on new listings in the fixed income market in 2021, revealed that the total number of issues within the period under review stood at 41 with 6.812 trillion units admitted till date. The data further revealed that the Federal Government was the most active player in the fixed income segment while the value or market capitalization of the new listings till date (June 3, 2021) stands at N4.58 trillion, from twelve issuers.

Issuers continue to express excitement and satisfaction over the ability to access capital from the market and list the securities on NGX so as to provide liquidity for investors. Some of the issuers that have listed on NGX in the period under review include; NOVAMBL Investments SPV Plc, Federal Government of Nigeria, Mecure Industries Funding SPV Plc, CardinalStone Financing SPV Plc, Fidelity Bank Plc, FBNQuest Merchant Bank SPV Funding Plc, BUA Cement Plc, Etranzact International Plc, Kogi State Government, TSL SPV Plc, Lagos State Government and Flour Mills of Nigeria Plc.

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The Divisional Head, Listings Business, NGX, Olumide Bolumole said the exchange continues to provide issuers with a platform that allows them meet their strategic business objectives and it is the Exchange’s delight to see issuers take full advantage of our products and services to support their growth story.

NGX remains committed to driving sustainable products and safe investments in a market that is orderly and transparent, whilst leveraging cutting edge technology. In terms of capital formation on the NGX platform, this year, the exchange has facilitated needed financing of over N4.6 trillion raised by governments and corporates across various asset classes.

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By Iheanyi Nwachukwu • June 23, 2021

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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