NGX Introduces Commercial Paper Listings to Enhance Market Transparency
The Nigerian Exchange Group (NGX) has launched Commercial Paper (CP) listings following approval from the Securities and Exchange Commission (SEC). This initiative allows corporate issuers to list and trade non-interest CP directly on the exchange, enhancing visibility, transparency, and liquidity.
NGX aims to diversify its offerings by integrating CP into its product suite, spanning equities, fixed income, ETFs, derivatives, and short-term debt. The introduction of CP is a strategic step to position NGX as a versatile hub for capital formation in Nigeria, reinforcing its role in the domestic capital market.
Temi Popoola, Group Managing Director and CEO of NGX Group, and Jude Chiemeka, CEO of NGX, have expressed commitment to advancing the market and fostering healthy competition.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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