Goddy Egene
The Nigerian Stock Exchange (NSE) will
today launch its Growth Board(GB) to provide issuers with the
opportunity to list, raise long term capital and facilitate liquidity in
the trading of their shares on
the exchange.
With a total of 41.5 million Micro,
Small and Medium Enterprises(MSME) operating in Nigeria, the launch of
the GB is designed to encourage the listing of growth companies and
provide them with a cost-effective platform to raise the capital needed
to scale, attract investors, enhance corporate visibility and put in
place a regulatory structure that fosters growth.
According to the NSE, the GB was
established as part of its initiative to elevate the Nigerian capital
market and meet the needs of businesses at every phase of their
lifecycle.
Commenting on the GB, Head, Listings
Business Division,NSE, Mr. Olumide Bolumole, said:“The launch of the NSE
GB further re-affirms NSE’s long standing tradition of supporting the
development of SMEs in Nigeria by offering entrepreneurs opportunities
to access finance and scale their businesses. The GB is expected to
attract small to medium-sized companies that exhibit the potential for
fast growth in their corporate earnings and are in the growth phase of
their business cycle. It will also offer investors the opportunity to
invest in such companies with potential for high returns/capital gains.”
He explained that in line with NSE’s its
efforts to deliver value to listed companies, the exchange will present
companies aspiring to list or are listed on the GB with access to its
value added services programme that are designed to: create competitive
edge for listed companies; facilitate new listings; stimulate investors’
interest through enhanced information delivery and assist companies in
complying with post listing obligations to retain their listing status.
No comments :
Post a Comment