ICT
Airtel Africa postpones listing
The Nigerian Stock Exchange has just announced that the planned Cross Border Secondary Listing of 3,758,151,504 ordinary shares of Airtel Africa Plc has been postponed from Friday.
According to the Exchange, the postponement was necessitated by the need to ensure that Airtel meets all the post NSE approval pre-requisites for listing on the Exchange.
The NSE stated that it will provide further communication on this issue when all the preconditions for listing on its board have been met.
ALSO READ: Airtel Africa to boost Nigerian equities with N1.4tr
The Nation recalled that one of the key issues was the failure of Airtel Africa to meet the number of required qualified and high net worth investors for listing on the Exchange.
Airtel was only able to gather 130 investors as against 300 under the rules of the NSE.
The Exchange had however on Thursday granted waiver to the telco and cleared it for listing today.
Market sources said the NSE had come under pressure not to be seen to prioritise its interest above investors interest
-
Crime7 days agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest6 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Latest5 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest2 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Crime13 hours agoBritish-Nigerian prisoner escapes after mistaken release from custody
-
Business6 hours agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Business6 hours agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Crime6 hours agoNDLEA seizes N10.4bn Canadian ‘loud’ shipment at Lagos Port, vows crackdown on syndicates