NGX pledges collaboration with CIoD to strengthen corporate governance

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).

Chairman of the NGX Group, Dr Umaru Kwairanga made this known at the unveiling of the CIoD 2026 Corporate Governance Outlook held in Ikoyi, Lagos.

He described the institute as Nigeria’s premier body for directors, noting its leadership role in advancing corporate governance through training, research and advocacy across private and public sectors.

According to him, while business environments remain dynamic and constantly evolving, directors must uphold strong ethical principles in their decision-making processes.

“Good ethical values should serve as a compass guiding directors, especially in today’s rapidly changing business landscape,” he said.

Kwairanga noted that the Corporate Governance Outlook provided an important platform for practitioners to review best practices, gain insights and stay updated on emerging trends in governance.

Speaking on the role of the Exchange, he said the NGX remained the listing platform of choice for companies seeking public quotation, with a responsibility to protect investors through strict adherence to governance standards.

He explained that the Exchange embedded corporate governance requirements as part of its listing criteria.

He said the NGX actively monitors compliance among listed companies, and sanctions defaulters while rewarding entities that demonstrate exemplary practices.

He noted that the NGX and CIoD shares common objectives in promoting ethical leadership and sound governance in corporate institutions.

Kwairanga commended the institute for its continued 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 further strengthen corporate governance practices in Nigeria.