The Nigerian Exchange Sets to Embark on New Strategy to Build on Gains of Demutualization

As part of the continuous activities by the NGX to improve business operations and processes, the board of the Exchange has approved the implementation of a new strategy aimed at digital transformation, strategic partnerships and customer-centric solutions.

The objective of the strategy is to ensure that the bourse becomes a “LEADER” organization with a focus on deepening the capital market, diversifying products and services, ensuring retail participation and delighting stakeholders across the board as contained in the report by the NGX.

Retrospectively, in 2021, Nigerian Exchange Limited experienced growth in trading figures with the NGX All Share Index returning 6.1% and turnover in the fixed income market increasing by 158% while fixed income figures rose by 12.81 during the year. In the same year, BUA Cement Plc performed the first-ever end-to-end digital transfer of N115,000,000.

In order to effectively consolidate these results, the Board of the Exchange has approved the restructuring of the bourse to efficiently implement its new strategy. As part of the restructuring, the Board has equally approved a change in the organizational structure with the attendant workforce restructuring of the workforce to better position the bourse to deliver competitive value in today’s dynamic technology-driven global capital market which will kick start on March 1, 2022.

By implication, the Exchange will transition from an operational structure of four Divisions, namely, Listings Business, Trading Business, Business Support Services, and Technology Services, to a refreshed operational structure of three Divisions namely: Capital Markets, Digital Technology, and Business Support Services.

In the closing remark, the new strategy is expected to contribute positively to the economy and as well efficiently serve the investors.

What to Expect from the new Strategy

• The new improvement by the NGX will definitely bring about efficiency of operation and less human error during day to day operational process
• The NGX is a leading integrated market infrastructure in Africa  and as it moves to the implementation of demutualization this will further increase the NGX competiveness as their market share will tend to grow as foreign investors will be attracted to invest.
• As for the investor, this will further allow them to participate in the financial gains of the company, make profits through capital gains, and earn more money through dividend