The Nigerian Exchange Group (NGX) and the Chartered Institute of Directors Nigeria (CIoD) have renewed a Memorandum of Understanding (MoU), aimed at deepening corporate governance standards among the Exchange’s listed companies.
This was part of the activities that took place when the Governing Council of the Institute paid a visit to the Exchange’s Lagos headquarters.
The parties described the renewed agreement as a platform that translates collaboration into measurable outcomes for directors, listed companies and the broader economy.
Chairman of the NGX Group, Umaru Kwairanga, said the Institute’s mandate mirrored the Exchange’s own push for transparency among listed firms, stating that NGX “aims to instill the highest standards of governance and transparency in its listed companies to give investors the best options for their funds.”
President and Chairman of the Governing Council of the CIoD, Otunba Adetunji Oyebanji, said the renewed MoU would guide collaboration to enhance board effectiveness across listed companies.
Oyebanji identified a deliberate membership drive within the NGX ecosystem as a central pillar of the partnership, arguing that unifying listed-company directors under the Institute’s professional standards would strengthen market integrity.
He said capacity-building and thought-leadership programmes for directors formed a second pillar of the collaboration, adding that integrating CIoD’s training with NGX’s expectations for listed companies would “create a gold standard for directorship in Nigeria.”
