Business
NSE Delists shares of Wema Bank, Intercontinental Bank
By Chioma Obinagwam
The Nigerian Stock Exchange (NSE) said it has delisted a total of 913.91 million units of ordinary shares of 50 kobo each belonging to Wema Bank Plc
The Exchange said the shares represented the unpaid portion allotted to SW8 Investment Limited in May 2009 now reversed in compliance with Central Bank of Nigeria’s (CBN’s) directive.
ALSO SEE: Champion Breweries posts N77.14m Profit in 2015
With the shares delisted from the shares outstanding of the lender, the new outstanding shares now stood at 38.57 billion units, the NSE said.
In the same vein, a total of 1,50 million units of the defunct Intercontinental Bank Plc Preference from the Daily Official List on Tuesday March 2, 2016.
-
Trending Stories1 week agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Football7 days agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime6 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business5 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Energy1 week agoBrent crude tops $100: What higher oil prices mean for Nigeria
-
Business6 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high