The Nigerian Exchange, NGX, on Tuesday marked the listing of the Ministry of Finance Incorporated, MOFI, Real Estate Investment Fund Series 2, hosting Finance Minister Wale Edun at a Closing Gong Ceremony. The event highlighted the capital market’s role in national development, particularly in tackling Nigeria’s housing deficit.
The listing occurred amid cautious trading as investors adjusted portfolios due to geopolitical tensions with the US, proposed Capital Gains Tax, and year-end market activity. NGX Group CEO Temi Popoola stressed that policies must balance government revenue goals with investor confidence, reaffirming the market’s role in wealth creation and sustainable development.
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Mr. Edun assured continued consultation on tax policy, while NGX Chairman Ahonsi Unuigbe described the listing as a defining step towards shared prosperity and deepening private-sector participation in housing finance.
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