The Exchange stated that this would create opportunities for domestic investors to have access to their shares and at the same time, contribute to the growth of the Nigerian economy through democratization of capital formation.
Speaking during the Annual A&O Fintech webinar themed; Fueling Fintech: The Power of Capital, the Role of Regulation, the Divisional Head, Capital Markets, NGX, Jude Chiemeka, noted that although public markets are viable options for raising capital, fintechs have preferably opted for private markets because of regulatory rule of disclosure and stricter governance requirements that is necessary for listing publicly.
