By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    Mele Kyari Appears Before Senate After Summon
    December 8, 2023
    Abubakar Tafawa Balewa University (ATBU) Bauchi
    ATBU Postpones Resumption After Protests by Students Over Colleague’s Murder
    December 8, 2023
    Sultan of Sokoto Vows to Get Justice for Victims of Kaduna Airstrike
    December 8, 2023
    Central Bank of Nigeria (CBN)
    CBN Warns Nigerians of Counterfeit Naira Banknotes in Circulation
    December 8, 2023
    Prince Kunle Fafunwa Moves Against President Tinubu’s Peace Deal, Stirs Crisis With Onikoyi Kingship Ambition
    December 8, 2023
  • Entertainment
    EntertainmentShow More
    Bisola Badmus
    Yoruba Actress, Bisola Badmus, Reveals Battle With Encephalopathy on Birthday
    December 5, 2023
    Rockstar Games Officially Unveils Grand Theft Auto VI (GTA 6) Trailer
    December 5, 2023
    UK Tightens Immigration Rules
    December 4, 2023
    Buchi
    Comedian Buchi Celebrates Regaining Full Access to His Children
    December 4, 2023
    Mr Eazi
    “You Ran Away With My Money” – Mr Eazi Calls Out I Go Dye for No-Show Despite Payment for Ghana Concert
    December 4, 2023
  • Business & Economy
    Business & EconomyShow More
    Central Bank of Nigeria (CBN)
    CBN Warns Nigerians of Counterfeit Naira Banknotes in Circulation
    December 8, 2023
    NIBSS: List of PSSPs, Switches, and Super Agents Delisted from Outward Transfers
    December 7, 2023
    NIBSS Directs Banks to Delist Non-Deposit Financial Institutions from Outward Transfers
    December 7, 2023
    President and Group Chief Executive Officer of Transnational Corporation of Nigeria, Owen Omogiafo
    Transcorp Clinches Four Awards at International Business Magazine Awards 2023
    December 1, 2023
    L-R: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu and the President/CEO, CFA Institute, Margaret Franklin during the signing of an MOU between Zenith Bank and the CFA Institute to develop human capital in finance and investment, recently.
    Zenith Bank Partners with CFA Institute to Foster Finance and Investment Excellence
    December 1, 2023
  • Sport
    SportShow More
    Updated: Man City Suffer 1–0 Defeat to Aston Villa
    December 7, 2023
    Updated: McTominay Scores Twice as Manchester United Beat Chelsea 2–1
    December 7, 2023
    Harry Maguire Awarded Best Premier League Player in November
    December 6, 2023
    Super Falcons of Nigeria
    Super Falcons Qualify for 2024 Women’s Africa Cup of Nations with Convincing Win Over Cape Verde
    December 5, 2023
    Victor Osimhen
    Victor Osimhen Clinches Italian Footballers’ Association Footballer of the Year Award
    December 5, 2023
  • Tech
    TechShow More
    Gemini
    Google Unveils Gemini: A Multimodal Language Model for Advanced AI Capabilities
    December 6, 2023
    L-R: Vice President, Africa, Middle-East and Turkey, Meta (formerly Facebook), Kojo Boakye and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a visit by Meta’s delegation to the Commission in Abuja recently.
    NCC Reiterates Support for Law-Abiding Investors, Welcomes Meta’s 2Africa Cable Initiative
    December 4, 2023
    DG NITDA, Kashifu Inuwa Abdullahi, CCIE Delivering a Keynote Address During DBN's 2023 Annual Lecture Series
    NITDA DG Advocates for Digital Transformation of MSMEs for Economic Growth
    December 1, 2023
    WhatsApp Introduces Secret Code Feature for Enhanced Chat Privacy
    November 30, 2023
    NITDA DG Advocates Digital Transformation for Smallholder Farmers to Boost Nigeria’s GDP
    November 30, 2023
Reading: NGX Explores Dual Listing with Saudi Exchange, Citing Economic Reforms
Share
Notification Show More
Font ResizerAa
Okay.ngOkay.ng
Font ResizerAa
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

NGX Explores Dual Listing with Saudi Exchange, Citing Economic Reforms

Muhammad A. Aliyu By Muhammad A. Aliyu Published November 12, 2023
Share
2 Min Read
SHARE

Dr. Umaru Kwairanga, the Group Chairman of Nigerian Exchange Group (NGX), has revealed plans for a potential dual listing with the Saudi Exchange.

The announcement came during the Saudi-Africa Summit in Riyadh, where Kwairanga emphasized that President Bola Tinubu’s economic reforms have opened up avenues for investment in Africa’s largest economy.

Speaking on the sidelines of the summit, Kwairanga highlighted the importance of seeking cooperation between the Saudi government and the Nigerian business environment.

He stated that the summit provided an opportunity for Nigeria to showcase itself, particularly with the recent economic reforms introduced by the new government.

- Advertisement -

“We believe with our population, and many other advantages we have opportunities to showcase, to Africans, Arabs based out of Saudi Arabia,” Kwairanga remarked.

Expressing optimism about the opportunities within the NGX despite foreign exchange challenges, he revealed discussions about dual listing between the Saudi Stock Exchange and the NGX.

“One of the discussions we had is on dual listing between the Saudi Stock Exchange and the NGX. We had a discussion with the Minister of Environment and his officials, looking at how our biggest companies quoted on NGX going to leverage this,” he said.

“We are going to take companies like Aramco to be listed on the NGX. We intend to replicate what we did on the London Stock Exchange (LSE) with the Saudi Stock Exchange regarding dual listings.

“Last month we were with Mr. President in NASDAQ. We had so many discussions on many business opportunities.

“So, it will attract a lot of investors into the Nigerian economy and I believe this government is doing a lot regarding reforms.

“We need to come and showcase investors and you can see the way people have applauded Nigeria’s delegates that have come for this conference.

TAGGED: NGX, Saudi Exchange
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Hope Uzodimma Hope Uzodimma Secures Re-election as INEC Declares Victory in Imo State Governorship Election
Next Article From right: Former General Manager, Sustainable Development & Community Relations, The Shell Petroleum Development Company of Nigeria (SPDC), Mr. Nedo Osayande; Country Chair, Shell Companies in Nigeria, & Managing Director, SPDC, Mr. Osagie Okunbor; Vice Chancellor, University of Benin, Professor Lilian Salami; Managing Director, Shell Nigeria Exploration & Production Company Limited (SNEPCo), Mrs. Elohor Aiboni; and Special Adviser on Strategy, Policy, Projects and Performance Management to The Governor of Edo State, Mrs. Sarah Esangbedo Ajose-Adeogun…at the ceremony to handover a new building built by SPDC for the Centre of Excellence in Geosciences & Petroleum Engineering at the University of Benin recently SPDC JV sets up Centres of Excellence to drive manpower development in oil industry

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Mele Kyari Appears Before Senate After Summon
News
Abubakar Tafawa Balewa University (ATBU) Bauchi
ATBU Postpones Resumption After Protests by Students Over Colleague’s Murder
Education
Sultan of Sokoto Vows to Get Justice for Victims of Kaduna Airstrike
News
Central Bank of Nigeria (CBN)
CBN Warns Nigerians of Counterfeit Naira Banknotes in Circulation
Business News
Prince Kunle Fafunwa Moves Against President Tinubu’s Peace Deal, Stirs Crisis With Onikoyi Kingship Ambition
News

You Might Also Like

Central Bank of Nigeria (CBN)
BusinessNews

CBN Warns Nigerians of Counterfeit Naira Banknotes in Circulation

December 8, 2023
Business

NIBSS: List of PSSPs, Switches, and Super Agents Delisted from Outward Transfers

December 7, 2023
Business

NIBSS Directs Banks to Delist Non-Deposit Financial Institutions from Outward Transfers

December 7, 2023
President and Group Chief Executive Officer of Transnational Corporation of Nigeria, Owen Omogiafo
Business

Transcorp Clinches Four Awards at International Business Magazine Awards 2023

December 1, 2023
Previous Next
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2022 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?