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
-
Latest1 week agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Football6 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Latest2 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Comments and Issues6 days agoFani-Kayode on Atiku: Separating claims from the record
-
Latest1 week agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Crime1 week agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Health5 days agoCOVID-19 Hospital care under scrutiny as US Senate hears patient, family testimonies
-
Business5 days agoOpenAI shelves GPT-6.1 astra release over safety concerns