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Eight years after its proposal by stakeholders, the Nigerian Exchange Limited (NGX), yesterday, formally rolled out West Africa’s first Exchange Traded Derivatives (ETD) market.
By Aduragbemi Omiyale The ambience at the Nigerian Exchange (NGX) Limited on Customs Street, Lagos is oozing excitement and the reason is not far-fetched. The local bourse is launching the first Exchange Traded Derivatives (ETD) market in West Africa today, Thursday, April 14, 2022, with Equity Index Futures Contracts.
<p><span>Nigerian Exchange Limited (NGX or the Exchange), the sustainable Exchange championing Africa’s growth, is pleased to announce the launch of West Africa’s first Exchange Traded Derivatives (ETD) Market with Equity Index Futures Contracts on 14 April, 2022. This is consistent with the Exchange’s commitment to develop the Nigerian capital market by providing a market that thrives on innovation and responds to the needs of stakeholders in accessing and using capital.</span></p>
The audited results of Nigerian Exchange Group (NGX Group) Plc for the year ending last December 31, has shown that its gross earnings grew to N6.8 billion from N6.0 billion.
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