The Nigerian Exchange Group (NGX) is targeting high-profile listings from key players in Nigeria’s oil, gas, and public sectors, including the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petrochemicals, in a bid to expand its market reach. NGX Group Chairman, Dr. Umaru Kwairanga, made this announcement during the FLOC 2025 Summit in Kano.

“We are pursuing new listings in the public sector, oil and gas, and other sectors,” said Kwairanga. “The government has affirmed its commitment to sell a stake in NNPC Limited, and we are confident of listing Dangote Petrochemicals very soon.”

Kwairanga emphasized that these listings would significantly increase market capitalization and attract both local and international investors. “These are transactions that will increase our market capitalisation geometrically,” he noted.

He also highlighted that the NGX is determined to align with President Tinubu’s vision for Nigeria to grow its GDP to $1 trillion by 2030, with the capital market playing a central role. “A thriving capital market encourages the savings and investment that are key to rapid economic growth,” Kwairanga explained.

The NGX has already made progress, with the All Share Index climbing to 111,742 basis points as of May 2025, more than doubling market indices since 2022. However, Kwairanga’s ambitions extend further, aiming to expand Nigeria’s capital market to reflect the nation’s full economic potential.

Additionally, the NGX is embracing technological innovation, including the launch of NGX Invest, a digital platform designed to attract younger investors. “We are enhancing the professionalism and skills of our trading licence holders through regular training courses,” Kwairanga added.

Despite challenges like economic volatility and infrastructure limitations, the NGX remains optimistic about overcoming these hurdles, with a clear vision to position Nigeria as a global financial hub.