The independent regulatory company of the Nigerian Exchange Group, NGX Regulation Limited, has assured stakeholders that the policy of demutulisation would not amount to any contraction of value in any form.
Chief Executive Officer, NGX RegCo, Tinuade Awe, stated this during a television programme.
While discussing the rich 60-year heritage of the NGX Group, she highlighted that the group has continued to provide a platform for issuers and investors to transact across various asset classes so as to build wealth in a bid to ensure that stakeholders achieve their financial objectives.
On the regulatory business, Awe stated, “NGX RegCo is empowered to provide services as an independent regulatory company within the NGX Group, and will continue to deploy appropriate regulations under the approval of the Securities and Exchange Commission of Nigeria both for existing and prospective companies within its ecosystem.
“We are building on our reputation as a fair market regulator to ensure that investors are protected, players in our market are compliant, and that we maintain the highest levels of transparency and market integrity such that there is confidence in the institutions and individuals that operate in our market,” she said.
Awe lauded past leaders of the former Nigerian Stock Exchange whose invaluable contributions to the development of the NGX Group, the capital market and Nigeria’s financial system, she described as ”indeed noteworthy.”
