The Nigerian Stock Exchange (NSE) raised $44.51 billion in 2017 for businesses listed on its platform, says Oscar Onyema, the chief executive officer.
Onyema disclosed this at the BusinessDay Capital Markets and Investors Forum 2018 holding in Lagos on Thursday, 26 April.
“Listing activity has been dominated by supplementary offers, listings by introduction, debt issuances, mergers & divestments, since 2015. Equity market capitalization declined 27.54% to N9.54tn in 2016 from N13.16tn in 2014, then rebounding 42.12% in 2017,” he said.
He also revealed that the NSE has embarked on far-reaching, transformational initiatives geared towards attracting new listings into the capital market.
Details later…
