NGX advises investors to consider long-term investments
The Nigerian Exchange (NGX) Limited has advised investors to consider long-term investments for maximum returns from those on listed companies.
The NGX gave the advice at a virtual training it put together to commemorate the 2021 World Investor Week (WIW) on Friday in Lagos.
Head, Market Surveillance/Investigation, NGX Regulation, Abimbola Babalola, asked investors to take time to study the companies to stake their money on.
He said that it was advisable to visit the company’s offices, know the products, understand the risk return and attend the company’ AGM before investing.
Explaining the importance of the capital market to economic growth, Mr Babalola said, “There is empirical evidence that shows a strong positive relationship between economic growth and efficient capital markets.
“The development recorded in Lagos State is as a result of the government coming to the capital market to raise funds for developmental purposes.
“Local Governments can also do the same by utilising the capital market to raise funds for development as well,” he added.
Mr Babalola highlighted some of the benefits of being listed on the NGX as access to growth-enabling capital, broader diversification of financing options and access to long-term financing at competitive rates.
Others, he said, include higher public profit and visibility, enhanced transparency and integrity.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 5
NILDS seeks stronger role for women in governance
According to the DG, democracy in Nigeria has come to stay and requires collective commitment.
Lagos
Lagos recruits 45 personnel to boost enforcement on Lekki-Epe corridor
Mr Osiyemi noted that the corridor had staffing challenges that slowed down operations.
Heading 2
Education minister inaugurates Nigeria’s first robotic surgery academy
Mr Alausa said the initiative would expand advanced medical training.
Health
Pate warns politicians against politicising Ebola case
Mr Pate said health is a unifying issue that transcends political, ethnic and religious affiliations.
Economy
Tinubu’s economic reforms paving way for prosperity: Minister
The minister explained that the reforms were deliberate and courageous, aimed at addressing longstanding structural weaknesses.
Health
Kaduna expands last-mile health supply project to 1,000 facilities
Ms Isyaku said four zonal warehouses in Ikara, Sabon Gari, Zaria and Kafanchan, established under the project, were operational.
