x

NGX Anticipates Stable Economic Climate Amid Forex Reform and Subsidy Removal

During the 62nd Annual General Meeting held in Lagos, the Nigerian Exchange Limited (NGX) expressed its support for the economic reform initiatives undertaken by President Bola Tinubu’s administration, anticipating a more stable economic environment as a result. The NGX specifically commended the harmonization of the foreign exchange market and the removal of petroleum subsidies, recognizing their role in attracting foreign investors to the capital market.

Dr. Umaru Kwairanga, Chairman of the NGX Board, stated the Exchange’s commitment to partnering with the government in addressing multiple exchange rates, attracting more companies to list on the Exchange, and creating a favorable environment for domestic and foreign investors. Kwairanga also praised the shareholders for their support and assured them of forthcoming dividends from their investments.

Meanwhile, acknowledging the achievements the Group’s Chief Executive Officer, including innovation, technological advancements, and the successful dimutualization of the Exchange, Kwairanga noted that it would be Onyema’s last AGM as CEO, wishing him well in his retirement.

Onyema expressed optimism regarding the future opportunities and challenges, emphasizing the Group’s dedication to leveraging its strengths and expertise to drive growth and value creation in Nigeria and other financial markets.

During the AGM, shareholders ratified all resolutions, including the appointment of new directors and the departure of outgoing directors.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

*NTAC DG, Buba Yakub Celebrates Amb.Tuggar On His Birthday.

*Lauds His Selfless Commitment To Service To Nigeria And...

SDP Youth Group Rejects el-Rufai’s Defection, Alleges Attempt To Hijack Party

*Say's he started pushing for SDP leadership change less...

PANDEF Blasts Wike’s Inflammatory Statements, Demands Retraction

The Pan Niger Delta Forum (PANDEF) has called on...

United States And Terrorism Financing: The Paradox Of Global Security Initiative

By Sheriff Ghali Ibrahim,  AbujaIt is pertinent to trace...

El-rufai opens up on Tinubu’s issue in Chicago University, drugs traffics

*Say's "We were aware", regret supporting Tinubu By Achadu Gabriel,...

Kaduna ECWA DCC retired Pastors, others console family of late Elder Jatau Danladi Bako

Idibia Gabriel, Kaduna A delegation of retired pastors from Kwoi...
spot_img

Related Articles

Popular Categories

spot_imgspot_img