As one of Africa’s leading market infrastructure groups, Nigeria Exchange Group (NGX) celebrated 60 years of supporting Africa’s largest economy yesterday.
It was founded on 15 September 1960. The Lagos Stock Exchange officially started operations on 25 August 1961.
In celebration of the diamond jubilee milestone, Mr. Otunba Abimbola Ogunbanjo, Chairman of NGX Group Plc, paid tribute to the original subscribers to the articles of association, including Mr. R.S.V. Scott.
Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir. Odumegwu Ojukwu; Mr. Akintola Williams and Alhaji Shehu Bukar, as well as John Holt Ltd and Investment Company of Nig. Ltd. (ICON).
As he stated, “We are gratified to have witnessed the vision of these seven individuals and organizations, who, in a true Nigerian spirit, prepared the ground for the start of the Exchange. I am proud of all that we have achieved over the last six decades”.
In the past, we only listed 19 securities for trading, but today we list over 300 securities worth about N35 trillion.”
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In addition, he emphasized the Group’s efforts to build on its legacy. As a result of demutualisation, we have been able to transition from a profit-driven, shareholder-owned company to a globally competitive organization that is owned by shareholders.
“NGX is positioned to contribute significantly to our competitiveness as a result of six decades of growth and partnerships.”
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