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NGX: Nigeria Joins Global Best Practice on Exchange Structure


Mary Nnah
The birth of the Nigerian Exchange Group (NGX) from what was hitherto known as the Nigerian Stock Exchange (NSE) has brought Nigeria to par with the global best practice.
Through what has been an eventful history, the Exchange, under Mr. Oscar Onyema, its GCEO, has eventually succeeded, despite all odds, in joining the global league of demutualised exchanges.
Scheduled to be launched soon, it has been a long journey from when the idea was first mooted to its achievement through the passage of the Demutualisation Act by the Nigerian National Assembly, and approvals by both the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC). ....

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Envoy Engages Capital Market Stakeholders


Ben Llewellyn-Jones
The Deputy British High Commissioner, Lagos, Mr. Mr. Ben Llewellyn-Jones, recently leveraged the Nigerian Exchange (NGX) Limited’s virtual closing gong ceremony to engage capital market stakeholders.
Llewellyn-Jones was given the privilege to sound the virtual gong to bring the day’s trading activities to a close.
Speaking at the ceremony, the Chief Executive Officer, NGX Limited, Mr. Temi Popoola, stated, “I am particularly pleased to be hosting the British Deputy High Commissioner, Lagos, Mr Ben Llewellyn-Jones OBE, as my first closing gong ceremony in this NGX era.
“Since the birth of the Lagos Stock Exchange, the British High Commission has remained a partner and supporting institution throughout our journey. ....

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IFLR podcast: in conversation with Olaniwun Ajayi


IFLR podcast: in conversation with Olaniwun Ajayi
The winners of Most Innovative Nigerian Law Firm of the Year in 2020 discuss some of last year’s ground-breaking work and what lies ahead in the capital markets, power sector, telecoms and more
March 11 2021
In the latest instalment of our podcast, IFLR speaks with Nigerian law firm partners Olaniwun Ajayi, Muyiwa Balogun, Yewande Senbore and Ibi Ogunbiyi. 
Olaniwun Ajayi was named Nigerian Law Firm of the Year in IFLR’s inaugural Africa Awards. This award came off the back of its innovative work on several pioneering transactions. 
One particularly notable deal was the initial public offering (IPO) of telecoms company Airtel. The IPO raised several first-of-its-kind challenges and was a huge milestone in the Nigerian capital markets. As Yewande Senbore explains, the listing was the first foreign inward IPO in Nigeria and the first to be executed in parallel with a capital raise on ....

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