The Nigerian Stock Exchange (NSE) securities lending grew the total value of securities borrowed/lent in 2021 to N513.10 million up from N95.18 million in 2020, a growth of N417.92 million.
This was disclosed at its virtual annual 2021 Market Recap and 2022 Outlook in collaboration with Renaissance Capital (RenCap) yesterday, 03 February 2022.
In line with its drive to develop and improve the digital experience for stakeholders, NSE launched the maiden edition of the Digital only version of the 2021 NSE annual Factbook (X-Factbook), and released an enhanced version of its X-Mobile App.
In the equities space, NGX (NSE) listed Brick links Africa, NGX Group and Ronchess Global Resources Plc by introduction on The Exchange; while the fixed income market saw corporate bond issuances by BUA Cement Plc (N115 billion); Cardinal Stone(N5 billion); Nova Merchant Bank (N10 billion; Coronation Merchant Bank (N25 billion), among others.
On Market Making, the exchange received approval on amendments to the NGX Market Making Rules and relaunched the NGX Market Making Programme across the various listed asset classes.
The virtual event facilitated conversations around The Exchange, the larger Nigerian capital market, and the economy with presentations from the Chief Executive Officer, NGX, Temi Popoola, CFA, and Global Chief Economist/Head of Macro-strategy, RenCap, Charles Robertson; and a fireside chat with the Director-General, Budget Office of the Federation, Ben Akabueze.
Delivering his presentation at the event, Mr. Popoola stated: “History was made as The Nigerian Stock Exchange (NSE) completed its demutualisation process, following statutory approvals from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC).
With demutualisation, NSE transitioned into a non-operating holding company, Nigerian Exchange Group Plc. (NGX Group) with three subsidiaries – Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation Limited (NGX RegCo), the independent regulatory company; and NGXReal Estate Limited (NGX RelCo), the real estate company.
As we walked through2021, many of the benefits of this transaction were realised making NGX more agile and commercialised in its operations.”
Looking ahead, Mr. Popoola highlighted five major areas NGX will be looking to make significant strides in2022 as follows: building on digital transformation, listings and delistings, technology, partnerships, and sustainability.
