NGX Must Drop Naira Value Loophole and Enforce Strict 20% Free Float Rule

NGX Must Drop Naira Value Loophole and Enforce Strict 20% Free Float Rule

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247GistMan in Business & Making Money • July 19, 2026, 9:19 am

NGX currently lets firms maintain listing with either 20% free float OR minimum naira value (N20B Main Board, N40B Premium) - letting giants like Dangote Cement (

SOURCE: https://nairametrics.com/2026/07/19/ngx-free-float-why-a-mandatory-20-rule-would-deepen-nigerias-stock-market/

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