{"id":1722,"date":"2021-08-25T20:21:32","date_gmt":"2021-08-25T19:21:32","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1722"},"modified":"2021-08-25T20:21:32","modified_gmt":"2021-08-25T19:21:32","slug":"ngx-at-60-after-six-decades-we-trade-300-securities-worth-n35tn","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/ngx-at-60-after-six-decades-we-trade-300-securities-worth-n35tn\/","title":{"rendered":"NGX At 60: &#8216;After Six Decades, We Trade 300 Securities Worth N35Tn\u2019"},"content":{"rendered":"<h3><\/h3>\n<h3><span style=\"font-size: 18pt;\"><strong>The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations<\/strong>.<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The Group\u2019s Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">He named them; R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir Odumegwu Ojukwu; Mr. Akintola Williams and Alhaji Shehu Bukar, John Holt Ltd. and Investment Company of Nig. Ltd., (ICON).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">He stated: \u201cWe celebrate the vision of these seven individuals and organizations, who in the Nigerian spirit, broke new ground in starting the Exchange, and we are proud of our sterling history over these six decades.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cFrom our humble beginnings when only 19 securities were listed for trading, we are now demutualized and we trade over 300 securities worth about N35 trillion,\u201d Ogunbanjo said.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The Group Managing Director\/Chief Executive Officer, NGX Group, Mr. Oscar Onyema, appreciated the contributions of the capital market stakeholders.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Onyema said: \u201cWe must thank our invaluable stakeholders who have contributed to six decades of growth and partnership.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cTo the trading license holders, issuers, regulators, government and its agencies, media, and other stakeholders.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cWe recognize your support and reiterate our commitment to building a market infrastructure group that supports your business objectives across the entire value chain for many years to come.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cIn consonance with the innovative spirit of our founding fathers which has continued to drive our operations, demutualization has allowed us to transition into a profit-driven, shareholder-held, and globally competitive organization.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cBuilding on six decades of growth and partnership, NGX Group of companies is now positioned to be a key player in strengthening our competitiveness on a larger scale,\u201d he added.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">According to Onyema, the recently launched campaign \u201cStock Africa Is Made Of\u201d further encapsulates the group\u2019s commitment to fulfilling the dreams of the founding fathers not only in Nigeria but also in Africa.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">It will be recalled that the NGX Group recently refreshed its brand identity in an official launch headlined by President Muhammad Buhari.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">NGX Group\u2019s new structure boasts three wholly-owned subsidiaries: Nigerian Exchange (NGX) Ltd., the operating exchange with Mr. Temi Popoola as CEO; NGX Regulation (NGX RegCo) Ltd., the independent regulation company with Ms. Tinuade Awe as CEO; and NGX Real Estate (NGX RelCo) Ltd., with Mr. Gabriel Igbeka as acting CEO.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The Group officially commenced operations on Aug.\u00a0 25, 1961, as the Lagos Stock Exchange, after it was founded on Sept. 15, 1960.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations. &nbsp; The Group\u2019s Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association. &nbsp; He named them; R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir Odumegwu [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,43],"tags":[973,975,974],"class_list":["post-1722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-capital-market","tag-ngx-at-60","tag-securities","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NGX At 60: &#039;After Six Decades, We Trade 300 Securities Worth N35Tn\u2019 &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mydailybells.com.ng\/businessbells\/ngx-at-60-after-six-decades-we-trade-300-securities-worth-n35tn\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX At 60: &#039;After Six Decades, We Trade 300 Securities Worth N35Tn\u2019 &#8212; Business Bells\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations. &nbsp; The Group\u2019s Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association. &nbsp; He named them; R.S.V. 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