NGX Chairman Advocates Stronger Governance Standards Across Corporate Nigeria

The Chairman of the Nigerian Exchange Group, Umaru Kwairanga, has called on corporate leaders to reinforce governance practices, stressing that integrity and accountability are critical to driving Nigeria’s economic progress.

Speaking at the unveiling of the 2026 Corporate Governance Outlook hosted by the Chartered Institute of Directors Nigeria, Kwairanga noted that corporate governance should no longer be treated as a regulatory obligation but as a strategic instrument for building resilient organisations and sustainable markets.

He urged companies to embed governance principles deeply within their operations, rather than approaching them as routine compliance requirements.

“As we move forward, let us remain committed to upholding the highest standards of integrity, fostering a culture of accountability, and ensuring that governance continues to serve as a cornerstone for national development.”

Kwairanga observed that shifting economic realities and rapid technological change have expanded the responsibilities of corporate directors, making sound governance indispensable for innovation and long-term value creation.

He added that organisations that prioritise governance are better positioned to withstand economic volatility and sustain growth.

Governance as a Driver of Investor Confidence

The NGX chairman further emphasised that investor confidence is closely linked to the quality of governance practices within listed companies, noting that transparency and accountability remain central to market trust.

“Strong corporate governance is the bedrock of resilient institutions. It fosters trust, enhances transparency, and ultimately drives sustainable value creation.”

He called for sustained collaboration among regulators, market operators, and professional bodies to strengthen governance frameworks across the financial ecosystem.

“Regulators, operators, professional bodies, and corporate leaders must continue to work together to deepen market integrity and build institutions that can withstand shocks.”

Kwairanga also highlighted partnerships involving CIoD Nigeria, NGX Group, and the Nigerian Bar Association Section on Business Law as key efforts aimed at advancing governance standards in the country.