Tag: Shares
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Airtel Africa to list 3.758bn shares on NSE Tuesday
Tuesday, July 9, 2019 has now been fixed as the new date for the listing of about 3.758 billion ordinary shares of Airtel Africa Plc on the Nigerian Stock Exchange (NSE) at a unit price of N363. The exercise was earlier scheduled for Friday, July 5, 2019, but was postponed at the last minute as…
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NSE lifts suspension on trading in Conoil shares
The embargo earlier placed in the trading in the shares of Conoil Plc, an energy firm on the Nigerian Stock Exchange (NSE), has been removed. On Tuesday, the NSE announced the suspension of the company from its trading platform alongside 10 others as a result of their failure to release their financial statements for the…
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Union Bank: Buhari's ex-Ministers Enelamah, Udoma quizzed over $2b share scam
The Federal Government has begun the interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares. Those invited for interrogation were the former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah.…
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Forfeiture Claim on Airtel Shares False, Misleading – Ecobank subsidiary
O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group says contrary to certain media reports, there is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited. O&O Networks Limited is defending long-standing proceedings in the Federal High…
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Juventus shares soar after Champions League win against Atletico
Juventus shares soared more than 20 per cent and were on track for their biggest one-day gain in five and half years on Wednesday. The Italian soccer team overturned a two-goal deficit to defeat Atletico Madrid in a key Champions League match. The victory on Tuesday night puts the Turin side through to the quarter…
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Man Utd shares rise after Mourinho’s exit
Frankfurt-listed shares in Manchester United climbed in early deals after manager Jose Mourinho left the English Premier League football club on Tuesday. It was an indication that investors welcomed the move after the club’s dismal start to the season. The stock rose 1.4 percent by 1030 GMT after extending gains following the news. Manchester United’s…
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NSE lifts suspension on Unity Bank shares
The Nigerian Stock Exchange (NSE) on Friday suspended its ban trading in the shares of Unity Bank Plc hours after placing the ban. Recall that the stock market regulator had earlier on Thursday announced a suspension on Unity Bank shares and that of five other listed companies for failing to release their financial statements as…
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NSE suspends trading in Unity Bank, five others’ shares
The Nigerian Stock Exchange has suspended trading in the shares of Unity Bank Plc and five other listed companies. The Head, Listings Regulation, NSE, Godstime Iwenekhai, in a statement on Thursday, said the companies were suspended for failing to file their financial statements. Iwenekhai, who announced the suspension, said it was in pursuant to Rule…
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JUST IN: NSE suspends trading in shares of six listed Nigerian companies
The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market regulations. The six companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas…
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SEC approves take over of 10m shares of Ensure Insurance
A wholly owned subsidiary of Allianz SE, Societe Fonciere Europeenne B.V., has been given the approval to fully acquire 10 million ordinary shares of Ensure Insurance Plc. This approval was given by the Securities and Exchange Commission (SEC) and the acquisition is through a mandatory take-over. It gathered that the takeover was priced at 72…