Politics
Experts Push for Higher Free Float Requirement on NGX
NGX free float increase 50% proposal gains support from experts who say higher share availability will improve liquidity and strengthen Nigeria’s stock market
Financial experts have urged the Nigerian Exchange Limited (NGX) and market regulators to raise the minimum free float requirement for listed companies from 20% to 50%, in a move they say would significantly improve market liquidity.
Also read: NGX Extends Gains as Market Capitalisation Hits N113.5 Trillion
NGX Plan to Hike Free Float Threshold to 50% is aimed at making more shares available for public trading, which analysts believe would enhance activity and efficiency in the stock market.
Under current rules, companies on the NGX Main Board are required to maintain at least 20% free float or meet a minimum market capitalisation threshold, while the Premium Board enforces stricter financial conditions. The Growth Board, however, allows lower free float levels ranging between 10% and 15%.
Market analysts argue that simply extending trading hours, which NGX plans to implement from April 27, 2026, will not adequately address liquidity challenges. Instead, they say increasing the volume of tradable shares is more critical.
Experts further noted that recent gains in the stock market are being driven by strong corporate performance rather than speculative activity, adding that many equities remain undervalued relative to their earnings potential.
Also read: NGX Index Down By 0.01% As Investors Lose N2bn
They believe that raising the free float requirement could attract more investment, deepen market participation, and strengthen overall market stability in Nigeria’s capital market.
A group, the Imo First Group (IFG) has described the purported Magistrate court order to arrest Senator Ifeanyi Araraume and the former governor of Imo State, Rochas Okorocha, over alleged criminal conspiracy and forgery, as a ruse and fake news
The group stated this in a statement issued on Saturday in Abuja.
IFG challenged those peddling the fake news to make the court order public.
The statement reads ” The fabricated and concocted story was first posted on social media by Hon. Ambrose Nwaogwugwu, a media aide to Governor Hope Uzodimma, before it was picked up by other media outfits, including Arise TV.
According to the statement, those behind the report claimed that a Senior Magistrate Court sitting in Abuja issued a Bench Warrant dated September 9, 2026, following a petition written by the Resident Electoral Commissioner (REC) in Imo State, Barr. Chukwuemeka Ibejiako, to the Police and DSS on October 8, 2026, over alleged presentation of fake APC primary results.
The Group debunked the existence of any such order.
“We want to state categorically and unequivocally that no jSenior Magistrate ordered or issued any bench warrant for the arrest of Araraume”
IFG however challenged anyone in possession of the purported court order to publish it.
“If you claim to have a court order present same for the public to see,
“This fabricated bench warrant contain in the report is filled with inconsistencies, the bench warrant was dated September 9, 2026, while the REC’s petition that supposedly triggered it was dated October 8, 2026, with case number CR/M/084/2026.
The statement further stated that the purveyors and harbinger of the fake news tried to trick the magistrate via exparte order but was rebuked
“The magistrate bluntly refused to grant their exparte and threatened to arrest them, yet they carried their falsehood about. What’s the problem of occupants of office that never won free and fair elections and tried to destroy reputable Imo sons that have won elections. We challenge anyone in this macabre surugede dance to show the court order or warrant of arrest. It’s preposterous to blackmail decent Imo sons on the altar of dirty politics.”
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