2024 promises a flurry of activity with six companies expected to make their grand debuts on the Nigerian Exchange Group, potentially mirroring the impressive performance that pushed the market to new heights in 2023.
Leading the charge are the oil giant, NNPC Limited, and the real estate leader, Veritas Homes Plc. Also on the list is the Nigeria Reinsurance, Nigeria Machine Company, Haldane McCall, and Eleme Petrochemicals Company Limited, each bringing diverse offerings from across the oil, real estate, insurance, and engineering sectors.
This influx of fresh blood isn’t just good news for investor options; it’s also projected to inject a much-needed dose of vibrancy into the market.
Remember 2023’s stellar run, with the NGX index shooting up a remarkable 45.9% to reach 74,773.7 points. Companies like Transcorp Hotels, Chams, CWG, Transcorp, and MRS Oil were the shining stars back then, and the hope is that these new listings will continue the upward trajectory.
