NGX Chairman urges stronger police–capital market partnership
Nike Popoola
The Nigerian Exchange Group (NGX Group) has reaffirmed its commitment to supporting national security and deepening collaboration with the Nigeria Police Force, as it hosted the Inspector-General of Police, Kayode Egbetokun, at a special closing gong ceremony in Lagos.
Speaking during the ceremony held at the NGX building, the Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga, welcomed the police chief to the trading floor and commended him for making time to engage the capital market community despite his demanding security responsibilities.
Kwairanga emphasised the critical role of the police in maintaining a stable and secure environment necessary for businesses and investments to thrive, noting that the Exchange and its listed companies remain committed to supporting the Force.
“Let me assure you, sir, that the Exchange, its operators and quoted companies will always have time for you, given the critical role that the police play in ensuring a stable environment for businesses to thrive,” he said.
He added that NGX-listed companies have been instrumental in the success of the Police Trust Fund and stand ready to provide further logistical and institutional support to strengthen national security and protect economic activities.
The NGX chairman also encouraged the Nigeria Police Force to explore deeper participation in the capital market by listing more of its business ventures on the Exchange to enhance transparency, governance, and access to funding.
He cited the Nigerian Police Microfinance Bank, which is already listed on the Exchange, as a success story, highlighting its performance in capital appreciation, dividend payouts, and corporate governance standards.
Kwairanga further advised the Police pension fund — one of the largest in the country by assets under management — to consider increasing its allocation to equities listed on the NGX, pointing to strong returns recorded by the market.
According to him, the Exchange delivered a return of over 50 per cent last year, outperforming most other asset classes available to fund managers, and is on track to surpass that performance this year.
He expressed optimism that continued engagement between the NGX and the Police would unlock new areas of cooperation that would benefit both institutions and strengthen Nigeria’s economic and security landscape.
The closing gong ceremony marked another step in fostering collaboration between key public institutions and the capital market aimed at driving growth, stability, and investor confidence.
