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Thursday, March 23, 2023

NGX Facilitated over N7 trillion Worth of Capital Raises in 2021

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The Nigerian Exchange Group or NGX facilitated over N7 trillion worth of capital raises across several asset classes for both public and private corporations in 2021.

As a multi-asset Exchange, NGX is strategically positioned to be the preferred listing and investment destination connecting Nigeria, Africa and the world.

Nigerian Exchange Group Plc (NGX Group) also successfully listed its shares last year on the Main Board of Nigerian Exchange Limited (NGX) at N16.15 per share equivalent to a market capitalization of N31.7 billion.

A recent win to start the new year for the NGX was the listing by introduction of BUA Foods Plc on the Main Board of The Exchange on Wednesday, 5 January 2022.

A total of 18 billion ordinary shares of BUA Foods were listed at N40.00 per share under the Consumer Goods sector of NGX, with the trading symbol, BUAFOODS.

The listing of BUA Foods’ shares has added N720,000,000,000 to the market capitalization of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

It is expected that this listing will also increase the visibility of the food manufacturing, processing, and distribution company, BUA Foods, to investors on the African continent and across the globe.

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