🇳🇬 Nigerian Exchange

Shareholders of Nigeria’s Islamic Bank Jaiz Bank Plc, the first fully-fledged non-interest Bank in Nigeria, yesterday unanimously voted for its shares to be listed and traded on the floor of the Nigerian Stock Exchange.

Efforts by The Nigerian Stock Exchange (NGSE) to encourage indigenous firms to list their shares on its market has been bolstered with the listing of 889,981,552 ordinary shares of The Initiatives Plc (TIP) at 50 kobo each.   Priced at N0.85, the shares were listed by Introduction on the Alternative Securities Market (ASeM) Board yesterday, Tuesday, October 25, 2016.

Suntory Beverage & Food, the Japanese group’s Tokyo-listed unit, has reached an agreement to buy GlaxoSmithKline’s Nigerian drinks business, a follow-up to a 2013 acquisition from the British drugmaker.

Vetiva Fund Managers Limited (Vetiva) on October 24, 2016, listed the Vetiva S&P Nigerian Sovereign Bond ETF on The Nigerian Stock Exchange (NGSE). The ETF, which is the first Bond ETF to be listed on the NGSE, gives investors access to Nigerian Federal Government Bonds in retail lots; thus providing an o​pportunity for every Nigerian to invest in Federal Government Bonds.​