The Securities and Exchange Commission (SEC) authorized the Rules for Listing on the NGX Technology Board on December 15, 2022. The NGX Technology Board is a specialized listing and capital-raising platform for technology-based businesses on The Exchange.
Through the Board, NGX hopes to promote investments in local businesses with a technical bent as well as other businesses in Africa, give these businesses more attention, and ultimately expand the Nigerian capital market. Qualified institutional investors, retail investors, and high-net-worth investors will all have access to the securities listed on the NGX Technology Board.
Temi Popoola, the Chief Executive Officer of NGX, commented on the ratification of the Rules, calling it “a significant achievement that will establish the Exchange as an appealing location.”