Investor Presentaiton

Summary of Some Major Events Key events that occurred in the Nigerian capital market in the period under review include: Launch of the Nigerian Capital Market Masterplan (CMMP) Unification of exchange rates boosts government revenue Launch of IFRS S1 and S2 Sustainability Disclosure Standards in Nigeria by FRC, ISSB, and NGX Regulation Limited Unlocking capital market liquidity with FMDQ derivatives ■ The SEC in 2014-launched 10-Year Master Plan to drive the vision and growth of the Nigerian capital market ■ The need to align the aims, objectives, metrics and targets to current realities, factor in the market's dynamism and advancements in financial technology have necessitated an update to the CMMP The Revised Capital Market Master Plan, is anticipated to serve as the capital market's strategy for the years to come Nigeria's exchange rate unification has really increased the federal government's revenue from the previous exchange rate. This revenue was shared among the Executive, Legislative and Judiciary levels of government. ■ The two ISSB Standards, IFRS S1 & S2, were introduced by the Financial Reporting Council (FRC) of Nigeria, International Sustainability Standards Board (ISSB), and Nigeria Exchange Group Regulation Limited (NGX Reg). ■ The introduction is crucial for the development of the capital market because it enables Nigerian businesses to participate in a worldwide standard for reporting sustainability. FMDQ Group subsidiaries FMDQ Securities Exchange Limited and FMDQ Clear Limited created the FMDQ Exchange-Traded Derivatives (ETD) market. ■ The market has two products, FGN Bond Futures & USD-naira non- deliverable FX futures. PwC The Nigerian Capital Market Update August 2023 3

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