The Nigerian Stock Exchange is close to hiring external advisers as it prepares to distribute shares to its members and hold an initial public offering, said Chief Executive Officer Oscar Onyema. The Lagos-based bourse aims to submit a plan for sale as long as there are no “legislative issues,” Onyema […]
Capital Market
IHS Nigeria Boosts Buyback Price in Stock Exchange Delisting
IHS Nigeria Plc (IHS), which owns and manages mobile-phone towers in three African countries, increased the price it’s offering shareholders as it plans to delist from the Lagos-based bourse. The company agreed to pay 4.35 naira a share at a meeting today in the Nigerian commercial capital, Chairman Bashir Ahmad […]
SEC Approves Investor Protection Fund Rules
Today, Wednesday, 22 January 2014, The Exchange received the Securities and Exchange Commission’s approval of the Investor Protection Fund Rules. This is a welcome development which will enable the Board of Trustees of the Investor Protection Fund to carry out the duties for which the Fund was established, in line […]
