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.
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