Who owns NGX platform and who decides which stock to be listed on it?

In Nigeria, the Nigerian Exchange Group (NGX) platform is like a big market where different companies can come to sell parts of themselves to the public. It’s like a market day in the village where Mama Ngozi sells her ripe tomatoes to everyone who wants to buy. But who really owns this market?

Well, NGX Group platform is owned by shareholders who have invested money in the company. These shareholders are like the chiefs and elders of the village who come together to decide important matters. They are the ones who ultimately own and control the platform.

Now, when it comes to deciding which company or stock gets listed on the platform, it’s like Mama Ngozi deciding which tomatoes she wants to sell at the market. Just like Mama Ngozi selects the best, ripest tomatoes to showcase to her customers, the Nigerian Exchange Group (NGX) has a team that carefully evaluates companies that want to be listed on the platform. They look at things like the company’s financial health, the number of shares they want to sell, and if they meet certain standards.

So, in summary, the NGX platform is owned by shareholders who have invested money in the company, and there is a team responsible for selecting which companies or stocks can be listed on the platform, just like Mama Ngozi carefully selects the best tomatoes to sell at the market.