Business

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)

Read Full Story

Read more

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button