G. Elias & Co. is pleased to partner with The Nigerian Stock Exchange (“NSE”) on the launch of its Growth Board for startups, micro, small and medium enterprises (“MSMEs”). The importance of financing at different stages for an MSME to scale cannot be over-emphasized. Currently, SMEs contribute about 47.8% to Nigeria’s Gross Domestic Product.
The Growth Board is specially designed for MSMEs at different stages of growth. It comprises the Entry Segment (companies with at least N50mm market capitalization) and the Standard Segment (companies with at least N500 mm market capitalization). The Growth Board will have less stringent reporting obligations than the Main Board and Premium Board and listing and post-listing requirements that are designed especially for MSMEs.
G. Elias & Co. congratulates the NSE on this feat and wishes the NSE great success on the Growth Board.