Lagos: The Nigerian Exchange Group Plc (NGX Group) has reaffirmed the organisation’s commitment to promoting high standards of corporate governance in collaboration with the Chartered Institute of Directors Nigeria (CIoD).
According to News Agency of Nigeria, the announcement was made by the Chairman of the NGX Group, Dr Umaru Kwairanga, during the unveiling of the CIoD 2026 Corporate Governance Outlook held in Ikoyi, Lagos. Dr Kwairanga highlighted the pivotal role of the CIoD as Nigeria’s premier body for directors, emphasizing its leadership in advancing corporate governance through training, research, and advocacy across both private and public sectors.
Dr Kwairanga stressed the importance of directors upholding strong ethical principles in their decision-making processes, especially in dynamic and constantly evolving business environments. He stated, ‘Good ethical values should serve as a compass guiding directors, especially in today’s rapidly changing business landscape.’
He further noted that the C
orporate Governance Outlook provided an essential platform for practitioners to review best practices, gain insights, and stay updated on emerging trends in governance. Speaking on the role of the Exchange, Dr Kwairanga affirmed that the NGX remained the listing platform of choice for companies seeking public quotation, with a focus on protecting investors through strict adherence to governance standards.
The Exchange has embedded corporate governance requirements as part of its listing criteria and actively monitors compliance among listed companies. The NGX sanctions defaulters while rewarding entities that demonstrate exemplary practices. Dr Kwairanga emphasized the shared objectives of the NGX and CIoD in promoting ethical leadership and sound governance in corporate institutions.
He commended the CIoD for its ongoing efforts, stating that such initiatives supported the Exchange in fulfilling its regulatory responsibilities. He also pledged sustained collaboration between the NGX Group and the CIoD to f
urther strengthen corporate governance practices in Nigeria.