The Chairman of the Nigerian Exchange Group (NGX), Umaru Kwairanga, has projected that the exchange's market capitalisation could reach N300 trillion with new listings. He spoke at the 30th anniversary and annual awards dinner of the Association of Issuing Houses of Nigeria (AIHN) in Lagos, where he emphasised the need to attract more retail investors and deepen market participation. Kwairanga also revealed that the NGX has urged President Bola Tinubu's administration to encourage state-linked companies, particularly in the energy and technology sectors, to list on the market. Additionally, he mentioned that the exchange has raised the prospect of fintech company OPay listing in Nigeria before pursuing an overseas listing.
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