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šŸ“ˆ NGX Anticipates Tech Startup Listings Amid Rule Changes in 2024 šŸ‡³šŸ‡¬

šŸ“ˆ NGX Anticipates Tech Startup Listings Amid Rule Changes in 2024 šŸ‡³šŸ‡¬

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šŸš€ The Nigerian Exchange Group (NGX) is optimistic about tech startups listing on its specialized technology board this year, thanks to imminent regulatory changes. With the NGX tech board rules approved in 2022, discussions are underway with startups considering accessing local capital, potentially marking a pivotal moment for the Nigerian tech ecosystem.

The NGX is in discussions with Nigerian tech startups to list on its specialized technology board in 2024, expecting "one or two" listings this year. Regulatory changes aim to incentivize homegrown startups, but challenges such as corporate governance requirements and liquidity concerns still need addressing. While some startups see the NGX tech board as a realistic exit strategy, others question the feasibility due to naira volatility and the need for larger liquidity to attract listings.


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