NGX reiterates resolve towards attracting capital around sustainability

By Chioma Obinagwam

Nigeria’s bourse, Nigerian Exchange Limited (NGX), has said it will continue its drive towards attracting capital around sustainability and will continue to partner with market stakeholders.

Confiance News gathered from NGX on Thursday.

Its Chief Executive Officer, Temi Popoola, stated this during a Physical closing gong ceremony for Guinness Nigeria.

Popoola while commending the growth of Guinness Nigeria in the last few years, said that the NGX has very big ambitions on sustainability and will continue its drive towards attracting capital around sustainability.

“We have discussed with Guinness the work they are doing around sustainability and the NGX has very big ambitions on sustainability. We want to make sure that we are one of the leading exchanges in attracting capital around sustainability. We believe it is the right thing to do,” he said.

Also speaking, the Chief Executive Officer, Guinness Nigeria, John Musunga, said, Guinness Nigeria is proud of being part of the exchange adding that the company’s brand portfolio is down to its strategy of playing across the entire alcohol beverage sector.

Musunga stated that the company will continue to innovate and continuously grow its margins so that its shareholders can have value for the business they invested in.

“We do not intend to change or deviate from our strategy. Our results have been stellar and the business is still growing well, up by 9 per cent. We will continuously grow our margins so that our shareholders can have value for the business they invested in. Our outlook is bright especially as the government is taking very bold moves in areas required for business.

They will be very painful but we know that it will be in the short term and have conviction that this will favour the business environment and businesses will thrive and deliver shareholders’ return and value,” Musunga said.

For his part, the Doyen of the Nigerian capital market, Mr Rasheed Yusuf, said that the stockbroking community will continue to support the company and urged the company to continue sustaining its leadership of the market and raise more capital from the market.