Nigerian Exchange Group Plc, a leading integrated market infrastructure in Africa, is championing the development of Africa’s financial markets.
Nigerian Exchange Group (NGX Group) Plc is a leading integrated market infrastructure in Africa. We service the largest economy in Africa and are strengthening the competitiveness of African economies to achieve global prosperity. As a key player in the continent’s financial markets, we take an active role in shaping the future of the markets through our investment in business innovation and technology.
NGX Group provides a wide range of services including listing and trading securities, licensing, market data solutions, ancillary technology, regulation, real estate, and more through its wholly-owned subsidiaries – NGX Exchange, NGX REGCO, and NGX RELCO. The Group is also invested in the financial infrastructure space with investments in NG Clearing Limited, Central Securities and Clearing Systems (CSCS), OTC platforms and three fintech companies.
Nigerian Exchange Group is committed to the highest international standards. To support this commitment, NGX Group belongs to a number of international and regional organisations that promote the development and integration of global best practices.
NGX Group continues to evolve in order to meet the needs of its valued customers and to achieve the highest level of competitiveness.
We are a people-focused, result-oriented organisation
Our work environment is high-performing and intellectually challenging. We are driven by our core values and seek to streamline our processes to enable us to embrace change, innovation, and growth. Our success is built upon a clear strategic direction, and a shared commitment to the vision, mission and values of NGX.
OUR VISION:
To be Africa’s preferred exchange hub.OUR MISSION:
To provide investors and businesses a reliable, efficient and an adaptable exchange hub in Africa, to save and to access capital.OUR CORE VALUES:
Our core values are the defining principles by which we operate as individuals and as a Company. They define who we are, how we work, what we believe in and what we stand for. Our values are at the heart of everything we do, and they are:AIF – Ambitious, Inclusive and Fair
60+
Years of Stimulating Growth
Our Subsidiaries
NGX
We provide the premier platform in Africa for raising capital; facilitate a thriving secondary market for trading securities and maintain a seamless flow of market information.
NGX REGCO
We promote and enforce just and equitable principles of listing and trading, as well as maintain fair and orderly financial markets.
NGX RELCO
We deliver tailored property letting, real estate investment and facility management services.
The Nigerian Exchange Group (NGX Group) formerly known as the Nigerian Stock Exchange, dates its history back to 15 September 1960 when the Lagos Stock Exchange was founded. There were seven subscribers to the NGX Group’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; John Holt Ltd; Investment Company of Nig. Ltd.(ICON); Sir. Odumegwu Ojukwu; Chief Akintola Williams; and Alhaji Shehu Bukar.
On August 25 1961, operations began officially with 19 securities listed for trading. However, informal operations had commenced earlier in June 1961 and were initially conducted inside the Central Bank building with four firms as market dealers: Inlaks, John Holt, C.T. Bowring, and ICON (Investment Company of Nigeria).
In December 1977, the name was changed to The Nigerian Stock Exchange, with branches established in some of the major commercial cities of the country. By 1984, the All Share Index was launched, which went on to hit the 1,000 mark in 1992, and 10,000 points by year 2000.
2011 ushered in an era of digital transformation dubbed the X-Era, leading to the launch of the historic and robust technology platform, X-GEN in 2013. This enhanced direct market access and brought about the advent of mobile trading technologies.
In 2021 the Nigerian Stock Exchange was fully demutualised changing from a member-owned not-for-profit entity into a shareholder-owned, profit making entity. This gave rise to a new structure – Nigerian Exchange Group Plc (NGX Group) with subsidiaries – Nigerian Exchange Limited (NGX Exchange), NGX Regulation Limited (NGX REGCO), and NGX Real Estate Limited (NGX RELCO).
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