Nigeria’s IPO Lull: When do the Clouds Finally Gather?

Table of Contents

“IPO activity in the year remained mute …” so said Mr. Oscar Onyema, CEO of Nigeria’s premier and biggest bourse, the Nigerian Nigerian Stock Exchange(”NSE”), while giving his review of the 2017 calendar year and outlook for 2018.

There hasbeen a steady decline of initial public offerings (“IPOs”) in Nigeria since the 2007-2008 global financial meltdown. The period 2009 till date has witnessed a lamentable dearth of IPOs.

In this paper, I examine the IPO process in Nigeria, highlight the factors which may militate against company listings and proffer policy recommendations to improve and engender IPOs in Nigeria.

Read More

Want to keep up with our Articles?

Get our most valuable tips right inside your inbox, every month!

Related Posts

Web Banner - business survival vs liquidation 1
COMPANY VOLUNTARY ARRANGEMENT UNDER CAMA 2020: A VIABLE OPTION FOR CORPORATE SUSTAINABILITY?
Under Nigeria's CAMA 2020, Company Voluntary Arrangements (CVAs) offer financially distressed companies...
Web Banner - Conversion Petroleum 22
CONVERSION AND RENEWAL OF PETROLEUM LICENCES AND LEASES IN NIGERIA: WHAT THE 2026 REGULATIONS MEAN FOR UPSTREAM PETROLEUM OPERATORS
The 2026 Conversion and Renewal Regulations introduce a clearer framework for transitioning Nigerian...
Corporate Rescue banner
CORPORATE RESCUE AND INSOLVENCY PROCEDURE IN NIGERIA: A CRITICAL REVIEW OF THE LEGAL REGIME
Nigeria's corporate insolvency framework has decisively shifted from inevitable liquidation to prioritizing...
Web Banner - Gas Flare
GAS FLARE COMMERCIALISATION IN NIGERIA: PROGRESS, GAPS, AND WHAT OPERATORS NEED TO KNOW
Nigeria’s gas flare commercialisation framework has entered its execution phase, with 28 permits issued...
payment ecosystem beyound compliance
BEYOND COMPLIANCE - CBN'S SHIFT FROM REGULATING MARKET PARTICIPANTS TO REGULATING MARKET STRUCTURE
The Central Bank of Nigeria is shifting from individual participant supervision to structural oversight...
NAATIONAL SINGLE WINDOW
NIGERIA'S NATIONAL SINGLE WINDOW: REFORM, RISK, AND THE PROMISE OF A PAPERLESS PORT
Nigeria has officially launched Phase One of the National Single Window (NSW), a centralized digital...
Free Zone Land
COLLATERALISING FREE ZONE LAND INTERESTS FOR DEBT FINANCING IN NIGERIA – REGULATORY FRAMEWORKS AND TITLE REGISTRATION CONSIDERATIONS
Nigeria's Free Zones are capital-intensive environments by design. The Nigeria Export Processing Zones...
Electricity sky
OPERATING IN THE LAGOS ELECTRICITY MARKET: A GUIDE TO LICENSING REQUIREMENTS UNDER THE LAGOS STATE ELECTRICITY LAW, 2024
The Lagos State Electricity Regulatory Commission has officially transitioned to an active market regulation...
BURDEN 1
TOXIC LOANS IN NIGERIA: LAX LENDING PRACTICES IN THE BANKING INDUSTRY AND THE COST OF FAILED DUE DILIGENCE
Toxic loans, also known as Non-Performing Loans (NPLs), are rising in Nigeria due to lax lending practices...