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NGX free float: Why a mandatory 20% rule would deepen Nigeria’s stock market

On the Nigerian Exchange (NGX), the current free float rules allow companies to list and remain listed even when they fall short of the 20% free float requirement, as long as the v

Kalu AjaJuly 19, 20261 min read
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On the Nigerian Exchange (NGX), the current free float rules allow companies to list and remain listed even when they fall short of the 20% free float requirement, as long as the value of their free float meets a minimum naira threshold.

The post NGX free float: Why a mandatory 20% rule would deepen Nigeria’s stock market appeared first on Nairametrics.

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