SEC

AIRTEL NIGERIA LISTING ON NIGERIAN STOCK EXCHANGE (NSE)

Posted on by Gambeta News
AIRTEL NIGERIA LISTING ON NIGERIAN STOCK EXCHANGE (NSE)

Story so far… on Airtel Nigeria’s listing process on the Nigerian Stock Exchange (NSE) On Friday, 5th July 2019 the planned listing of Airtel Nigeria on the Nigerian Stock Exchange (NSE) market was postponed. According to NSE’s statement, the postponement was to make sure the telecommunications company Airtel Nigeria; meet all the requirement needed to list on the market. The telecommunications giant plans to list 3,758,151,504 ordinary shares of Airtel Africa Plc at 363 naira…

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AIRTEL NIGERIA APPLIES FOR LISTING ON NSE

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AIRTEL NIGERIA APPLIES FOR LISTING ON NSE

Airtel Nigeria officially applies to be listed on Nigeria Stock Exchange (NSE) Just a month after MTN Nigeria successfully received SEC’s approval for its NSE listing and also registered 20.345bn ordinary shares; Airtel Nigeria, have also officially applied to follow in the same process. According to reports, one of Nigeria’s foremost telecommunications services provider; Airtel Nigeria Limited have filed an application with the Securities and Exchange Commission (SEC) to list its shares on the Nigerian…

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MTN NIGERIA COMPLETES REGISTRATION WITH SEC.

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MTN NIGERIA COMPLETES REGISTRATION WITH SEC.

MTN Nigeria completes registration of 20.345 billion ordinary shares with SEC. MTN Nigeria on Tuesday (7th May, 2019); announced that it has finally completed registration with the Securities and Exchange Commission (SEC). The Telecoms giant registered 20.345 billion (20,354,513,050) ordinary shares of N0.02 each. According to Ferdi Moolman, the Chief Executive Officer of MTN Nigeria; the MTN Nigeria registration with SEC, is another milestone towards the company’s intent to listing by introduction on the Nigerian…

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MTN NIGERIA CONVERTS FROM LTD TO PLC

Posted on by Gambeta News
MTN NIGERIA CONVERTS FROM LTD TO PLC

MTN Nigeria converts to Plc so as to list on the Nigerian Stock Exchange MTN Nigeria recently announced its conversion from a Private company (Ltd) to a Public Limited Company (Plc). In a statement released on Wednesday April 24 2019; the telecom company, now MTN Nigeria Communications Plc gave reason for its conversion as being a legal requirement and key milestone for its listing on the Nigerian Stock Exchange (NSE). According to the statement, listing on…

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OANDO SHARES SUSPENDED IN THE STOCK MARKET

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OANDO SHARES SUSPENDED IN THE STOCK MARKET

NSE suspends Oando Shares and plans forensic audit Stockbrokers have been directed by a notice dated 18th October 2017 from the Nigerian Stock Exchange (NSE)  to place Oando Plc shares on full suspension for 48 hours. A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which…

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UNION BANK TO IMPROVE AGRIBUSINESS LENDING IN NIGERIA

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UNION BANK TO IMPROVE AGRIBUSINESS LENDING IN NIGERIA

Union Bank Plc, one of Nigeria’s oldest banks, was established in 1917 has officially opened a N50 billion rights issue to the public which it hopes to deploy into raising its capitalization and growing agribusiness loans. The bank, had gotten approval from the Securities and Exchange Commission (SEC) to sell 12.1 billion ordinary shares at N4.01 per share at the rate of 5 new shares for every 7 held. The Issuing Houses involved in the transaction are…

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