Capital Markets
From The Report: Nigeria 2023
View in Online Reader

Nigeria’s capital markets have demonstrated positive growth despite the downturn in regional capital markets and global headwinds. Indeed, at the close of 2022 the rebranded Nigerian Exchange (NGX) had a 19.9% return on investment, making it the world’s fourth-best performing index. Key to sustaining this momentum in the coming years is attracting blue-chip companies to list on the NGX and easing access to capital markets by expanding retail channels. Despite turbulence in the bond and sukuk (Islamic bond) market, Nigeria continues to attract foreign and domestic interest, and new rules, tighter regulations, digitalisation and paperless transactions are likely to further enhance its attractiveness. The country’s capital markets already offer a wide range of products, and further innovations are expected to broaden and deepen the market.
This chapter contains an interview with Tapas Das, Managing Director and CEO, NG Clearing.