Nigerian Bourse Launches New Identity

19 Apr Nigerian Bourse Launches New Identity

By Yakubu Olaleye

Following the recent demutualisation of the former Nigerian Stock Exchange (NSE), the Exchange Group (NGX Group) Plc, has launched its new corporate brand identity and website.

The new identity is inspired by the arrows of the stock exchange ticker tape as well as monetary exchange between a buyer and seller. These arrows are stylised to form an ‘N’ and denote the act of collaboration.

Speaking on the new development, the Group Chief Executive Officer, NGX Group, Mr. Oscar N. Onyema, said, “We are very excited about the launch of our new brand identity and website at this pivotal time in our history.

Influenced by the dynamism and resilience of our market in both good and challenging times, our new identity, which builds on our rich heritage, reflects who we are today, our ambitions for the future, and our resolve to deliver superior value to our stakeholders. As we step into the NGX era, we remain committed to achieving the highest level of competitiveness, both in African and global capital markets”.

Together with the new website, NGX Group offers an enriched user experience. Accessible via ngxgroup.com, information about the group and the various subsidiaries are independently situated but featured as one website. With its centralised home page and clearly delineated tabs for each subsidiary, the new site delivers relevant content in a clean and organised way to provide visitors easy access and navigation to all the information they require.

In consolidating its group perspective, NGX Group has also rebranded its social media assets. The brand can now be found on Instagram and Twitter using the handle ‘@ngxgrp’; and on Facebook, LinkedIn and YouTube using the handle, ‘ngxgroup’.

The Stock Exchange was founded as the Lagos Stock Exchange on September 15, 1960 with seven subscribers to the Exchange’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; John Holt Ltd; Investment Company of Nig. Ltd.(ICON); Sir. Odumegwu Ojukwu; Chief Akintola Williams; and Alhaji Shehu Bukar.

Operations began officially on August 25, 1961 with 19 securities listed for trading. However, informal operations had commenced earlier in June, 1961. Operations were initially conducted inside the Central Bank building with four firms as market dealers: Inlaks, John Holt, C.T. Bowring and ICON (Investment Company of Nigeria).

The volume for August, 1961, was about 80,500 pounds and it rose to about 250,000 pounds in September of the same year with the bulk of the investments in government securities.