Title: Odu’a Investment intends to strengthen its financial position through a partnership with NGX
Introduction:
As part of its efforts to strengthen its financial position and provide new investment opportunities, Odu’a Investment has announced its intention to enter into a partnership with NGX (Nigerian Exchange Group). This move illustrates the company’s commitment to diversifying its investment portfolio and allowing investors to participate in its growth. This initiative was welcomed by the financial community and demonstrates confidence in the Nigerian stock market.
A desire for collaboration and mutual success:
Otunba Bimbo Ashiru, Chairman of Odu’a Investment Group, expressed his willingness to work closely with NGX to create joint success. At the closing ceremony held at the NGX in Lagos, Ashiru highlighted the importance of this partnership in strengthening the company’s position and providing new investment opportunities. He also highlighted that many investors would be willing to partner with the company due to its diversified investment portfolio.
The advantages of listing on the stock exchange:
Jude Chiemeka, Acting Managing Director of NGX, said he was delighted to welcome Odu’a Investment to the stock market. He welcomed the company’s initiative to list on the NGX and expressed optimism about future improvement in the financial market. Chiemeka stressed that NGX contributes significantly to the revenue of the Nigerian economy. He also recalled that listed companies are generally more transparent and respectful of tax obligations, which contributes to the economic development of the country.
A stock market in search of representativeness:
Jude Chiemeka also pointed out that the Nigerian Stock Exchange does not fully represent all sectors of the country’s economy, which affects its capitalization. He encouraged companies to contribute to the NGX in order to more fairly report the country’s economy and strengthen the weight of the stock market. He also highlighted the tax benefits of listing on the stock exchange, which can boost state revenue.
Conclusion :
Odu’a Investment’s decision to enter into a partnership with NGX demonstrates its desire to strengthen its financial position and offer new investment opportunities. This partnership enjoys the approval of the financial community and reflects confidence in the Nigerian stock market. By diversifying its investment portfolio and working closely with NGX, Odu’a Investment is well positioned to achieve solid growth and create mutual success with its partners.