Nigerian Stock Exchange Delists Nine Companies in 10 Months Over Regulatory Issues
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The Nigerian Stock Exchange (NSE) has delisted nine companies from its operations between January and October for mostly failure to comply with regulation.
1M | 3M | YTD | 1Y | 2Y |
+1.70% | -4.31% | +33.81% | +66.46% | +93.15% |
Value Traded (Mln NGN) 9,887.52 |
Volume 509,767,991 |
Transactions 7,966 |
Market Cap. (Bln NGN) 56,552.66 |
The Nigerian Stock Exchange (NSE) has delisted nine companies from its operations between January and October for mostly failure to comply with regulation.
The federal government plans to list the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange, once it concludes its reforms of the country’s petroleum sector, the latest draft national oil policy has revealed.
Shareholders of Nigeria’s Islamic Bank Jaiz Bank Plc, the first fully-fledged non-interest Bank in Nigeria, yesterday unanimously voted for its shares to be listed and traded on the floor of the Nigerian Stock Exchange.
Efforts by The Nigerian Stock Exchange (NGSE) to encourage indigenous firms to list their shares on its market has been bolstered with the listing of 889,981,552 ordinary shares of The Initiatives Plc (TIP) at 50 kobo each. Priced at N0.85, the shares were listed by Introduction on the Alternative Securities Market (ASeM) Board yesterday, Tuesday, October 25, 2016.