Riggs Ventures to list shares on NSE


By Gbenga Agbana   Thursday, 9 Sep 2010


Shareholders of will soon earn dividends on their investments, as arrangements are in top gear to list the shares of the company on the Nigerian Stock Exchange before the end of November 2010.


Riggs Ventures West Africa Plc was one of the indigenous conglomerates that raised funds through private placement in 2008. It was incorporated on July 13, 1993 as a financial consultancy and management services company and commenced full business operations in 1998.


The company, according to a statement on Wednesday, has gradually diversified its business interests to cut across investment in haulage and logistics, medium and micro-financing, bureau de change, as well as sacks manufacturing.


The company said that the establishment and expansion of the sacks factory was a demonstration of its commitment towards the fulfillment of the Federal Government‘s national industrialisation agenda, which encourage the organised private sector to invest more in the real sector of the economy.


The statement read, “Since its establishment, the sacks factory has been a major player in the production of high quality polypropylene sacks for agro-allied, industrial and domestic uses.”


Source: The Punch



Comments are closed.