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HomeBusinessEight routes to NGX’s $100bn market cap

Eight routes to NGX’s $100bn market cap

Business

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By Afrigather
Eight routes to NGX’s $100bn market cap
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In 2012, Oscar Onyema, former chief govt officer of the Nigeria Inventory Alternate (NSE), now Nigerian Alternate Group (NGX), set a $1 trillion market capitalisation goal for the trade by 2016.

Twelve years after, nonetheless, the market is much off that focus on. In naira phrases, the market capitalisation is a little bit under N60 trillion mark and simply round $36 billion.

Realistically, the simpler goal for the NGX to satisfy is a $100 billion market capitalisation, which might imply a flurry of listings on the trade, together with by giants such

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