Listing Of Dangote Petrochemicals To Boost Market Capitalization

The Nigerian Exchange Group (NGX) is poised for a major turning point as Dangote Petrochemicals prepares for its highly anticipated listing on the regional bourse– a move expected to significantly strengthen market capitalization and energize the capital market amidst Nigeria’s accelerating economic aspirations. In a statement on Friday, NGX Chairman, Dr. Umaru Kwairanga, described the upcoming listing … The post Listing Of Dangote Petrochemicals To Increase Market Capitalization appeared first on New Telegraph.

To reinforce the market’s structure, the NGX, in partnership with the Securities and Exchange Commission (SEC), has introduced a series of reforms aimed at enhancing transparency and operational efficiency. These include complete dematerialization of share certificates, timely resolution of unclaimed dividends, and the implementation of a T +2 settlement cycle for secondary market trades– all aimed at increasing investor confidence and market liquidity.

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