Nigeria’s largest mobile carrier, MTN said it might abandon its plans to list its shares on the Nigerian Stock Exchange. NSE. It would be recalled that MTN had agreed with the Nigerian government to list 30% of its shares on the NSE as a result of the renegotiation of the […]
Nigeria’s national oil company, the Nigerian National Petroleum Corporation, NNPC, said it will take itself public. The NNPC is the continent’s largest producer with over 1.5 million barrels of crude production daily. The NNPC said in a statement that it will list 40% of it’s equity on the local bourse, […]
Nigeria’s Ladol, the owner of a logistics hub for the offshore oil industry in Lagos, Nigeria’s commercial capital is planning to list on the Nigerian Stock Exchange. According to a report by Bloomberg, Ladol is also planning to sell some corporate debt to increase its capacity to handle bigger projects. […]
After several years of prepping the Nigerian Stock Exchange, NSE for a public listing, there seems to be a final closure to the landmark decision. Nigeria’s upper legislative chamber, The Senate has just passed a bill that will see Africa’s second-largest stock market listed as a publicly traded entity. This […]
The Nigerian Stock Exchange (NSE) has listed, eight hundred million (800,000,000) ordinary shares of Global Spectrum Energy Services Plc at NGN5 Per Share on its Main Board. This listing added four billion naira (N4,000,000,000) to the market capitalization of The Exchange, further deepening the Nigerian capital market. To commemorate the listing, the Board and Executive Management of Global Spectrum […]
Mr. Ade Bajomo, Executive Director, Market Operations and Technology, Nigeria Stock Exchange has resigned his appointment effective December 31, 2017 to pursue other challenges. According to the NSE, Ade Bajomo joined the exchange with a wealth of experience and track record in the global financial services sector spanning Banking, Capital […]
FCMB said it wants to acquire 60% stake in addition to the 20.2% stake of Legacy Pension Managers Limited thus automatically making Legacy a subsidiary of the group. The bank said in a statement that FCMB Group Plc has entered into an agreement with other shareholders of Legacy Pension Managers Limited […]
As a result of the directive from the Securities and Exchange Commission, SEC, to suspend trading in the sahres of Oando, the Nigerian Stock Exchange said it has executed the order. The NSE said in a statement that: Dealing Members are hereby notified that the Securities and Exchange Commission has […]
Lafarge Africa Plc has informed The Nigerian Stock Exchange of the decision of the Board of the Company to merge United Cement Company of Nigeria Limited and Atlas Cement Company Limited with Lafarge Africa. UniCem and Atlas are wholly owned subsidiaries of Lafarge Africa, with the Company holding l00% of […]
Ikeja hotel plc confirmed that its board of directors have settled the dispute between them which caused the delay in the filing of Audited financial reports of the company for three consecutive years. The company said ina statement to the Nigerian Stock Exchange that it had filed it’s arrears of […]