Speaking at the NSE CEO quarterly dinner organised for
operators in the health sector, he said out of the over 130
registered pharmaceutical products manufacturers in Nigeria, eight have
been listed on the NSE. He added that of the 1,400 healthcare providers
in Nigeria, only two have been listed, while only one medical supplier
has been listed out of 790 in the country.
In addition to improving the prospects of the listed health companies, he said participating in the stock market will also contribute significantly to the growth of
the Nigerian economy and have access to long-term capital for growth and
expansion.
He said: “When you list, you become a member of a global platform that affords brand visibility and credibility enhancement.
Listing also gives the opportunity for initial investors to realise
some or all of their investment, just it also leads to reduction of
financial burden and risk spreading among shareholders."
The Managing Director of one the listed companies, May & Baker
Nigeria Plc, Mr. Nnamdi Okafor, said listing the company on the NSE
had added significant value the company.
He said: “With the recovery in the capital market it is our hope that more
conducive funding windows will be available to us and we shall count on
the support of the NSE and other operators in the capital market if we
decide to approach the market."
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