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The investment group for listing on NGX

The Nigerian Capital Development Fund Group Plc has expressed interest in listing on the Nigerian Exchange Limited.

This was revealed in a letter titled ‘Re: Expression of Interest to List on the Nigerian Exchange Limited’, signed by the Branch Manager, Ibadan Office of the Primary Market Department of the NGX, Ayodeji Soyombo, which was obtained by our correspondent on Monday.

In the letter, the NGX welcomed the interest and listed the next steps that the group would need to take to get on the Main board of the exchange.

“Following the resolution at our meeting with your management team on March 09, 2023, kindly forward to us the profile of the company.

Also to note is the need to appoint a Financial Adviser who will work as a Lead Issuing house, co-opt other needed intermediaries and work you through the entire process,” part of the letter read.

The NCDF is an investment, development, and asset management group, mobilising capital from the public and private sectors to invest in real estate, education, telecommunication, internet services, healthcare and infrastructure focused on underserved markets.

Last year that the Chairman, NGX, Abubakar Mahmoud, said it is enhancing the listing experience for listed companies and providing useful insights to prospective companies.


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