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Nigerian Stock Exchange Listed Companies as at Today

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Nigerian Stock Exchange

All the listed Companies on the Nigerian Stock Exchange

Company Ticker Sector Date Listed Date Of Incorporation
11 PLC MOBIL OIL AND GAS July 25th 1991 December 31st 1951
ABBEY MORTGAGE BANK PLC ABBEYBDS FINANCIAL SERVICES Invalid date August 26th 1991
ACADEMY PRESS PLC. ACADEMY SERVICES June 15th 1965 July 28th 1964
ACCESS BANK PLC.[CG+] ACCESS FINANCIAL SERVICES Invalid date February 8th 1989
AFRICA PRUDENTIAL PLC[CG+] AFRIPRUD FINANCIAL SERVICES November 1st 2013 March 23rd 2006
AFRICAN ALLIANCE INSURANCE PLC AFRINSURE FINANCIAL SERVICES September 17th 2009 May 6th 1960
AFROMEDIA PLC AFROMEDIA SERVICES May 18th 2009 October 28th 1959
AIICO INSURANCE PLC. AIICO FINANCIAL SERVICES Invalid date July 14th 1970
AIRTEL AFRICA PLC AIRTELAFRI ICT July 9th 2019 July 12th 2018
ALUMINIUM EXTRUSION IND. PLC.[BLS] ALEX NATURAL RESOURCES December 29th 1987 October 26th 1982
ANINO INTERNATIONAL PLC.[DIP] ANINO OIL AND GAS January 2nd 1990 June 3rd 1981
ARBICO PLC.[BLS] ARBICO CONSTRUCTION/REAL ESTATE Invalid date June 18th 1958
ARDOVA PLC[CG+] ARDOVA OIL AND GAS Invalid date November 12th 1964
ASO SAVINGS AND LOANS PLC[MRS] ASOSAVINGS FINANCIAL SERVICES April 25th 2008 November 9th 1995
ASSOCIATED BUS COMPANY PLC ABCTRANS SERVICES December 20th 2006 April 5th 1993
AUSTIN LAZ & COMPANY PLC[BLS] AUSTINLAZ INDUSTRIAL GOODS Invalid date July 13th 1982
AXAMANSARD INSURANCE PLC[CG+] MANSARD FINANCIAL SERVICES November 19th 2009 June 23rd 1989
B.O.C. GASES PLC. BOCGAS NATURAL RESOURCES Invalid date December 11th 1959
BERGER PAINTS PLC BERGER INDUSTRIAL GOODS Invalid date September 1st 1959
BETA GLASS PLC. BETAGLAS INDUSTRIAL GOODS July 2nd 1986 June 2nd 1974
BUA CEMENT PLC[BLS] BUACEMENT INDUSTRIAL GOODS January 9th 2020 May 30th 2014
C & I LEASING PLC. CILEASING SERVICES December 1st 1997 December 28th 1990
CADBURY NIGERIA PLC. CADBURY CONSUMER GOODS Invalid date January 9th 1965
CAP PLC CAP INDUSTRIAL GOODS May 24th 1978 September 21st 1965
CAPITAL HOTEL PLC[BLS] CAPHOTEL SERVICES August 15th 1990 January 16th 1981
CAPITAL OIL PLC[MRF] CAPOIL OIL AND GAS Invalid date August 29th 1985
CAVERTON OFFSHORE SUPPORT GRP PLC[BLS] CAVERTON SERVICES February 6th 2014 June 2nd 2008
CHAMPION BREW. PLC.[BLS] CHAMPION CONSUMER GOODS September 1st 1983 July 31st 1974
CHAMS PLC CHAMS ICT Invalid date September 10th 1985
CHELLARAMS PLC. CHELLARAM CONGLOMERATES April 1st 1977 August 13th 1947
CONOIL PLC CONOIL OIL AND GAS Invalid date June 30th 1970
CONSOLIDATED HALLMARK INSURANCE PLC CHIPLC FINANCIAL SERVICES February 22nd 2008 August 2nd 1991
CORNERSTONE INSURANCE PLC[CG+] CORNERST FINANCIAL SERVICES Invalid date July 26th 1991
COURTEVILLE BUSINESS SOLUTIONS PLC COURTVILLE ICT Invalid date January 4th 2005
CUSTODIAN INVESTMENT PLC[CG+] CUSTODIAN FINANCIAL SERVICES Invalid date August 22nd 1991
CUTIX PLC. CUTIX INDUSTRIAL GOODS August 12th 1987 November 4th 1982
CWG PLC[BLS] CWG ICT Invalid date September 26th 1991
DAAR COMMUNICATIONS PLC DAARCOMM SERVICES Invalid date August 18th 1988
DANGOTE CEMENT PLC[CG+] DANGCEM INDUSTRIAL GOODS October 26th 2010 November 4th 1992
DANGOTE SUGAR REFINERY PLC[CG+] DANGSUGAR CONSUMER GOODS March 8th 2007 January 4th 2005
DEAP CAPITAL MANAGEMENT & TRUST PLC[DWL] DEAPCAP FINANCIAL SERVICES December 17th 2007 June 5th 2002
DN TYRE & RUBBER PLC[MRS] DUNLOP CONSUMER GOODS Invalid date October 21st 1961
E-TRANZACT INTERNATIONAL PLC[BLS][CG+] ETRANZACT ICT August 7th 2009 May 7th 2003
ECOBANK TRANSNATIONAL INCORPORATED ETI FINANCIAL SERVICES September 11th 2006 October 3rd 1985
EKOCORP PLC.[BLS] EKOCORP HEALTHCARE Invalid date October 9th 1991
ELLAH LAKES PLC.[BLS] ELLAHLAKES AGRICULTURE Invalid date July 2nd 1980
ETERNA PLC. ETERNA OIL AND GAS Invalid date January 13th 1989
EVANS MEDICAL PLC.[DIP] EVANSMED HEALTHCARE July 23rd 1979 April 23rd 1954
FBN HOLDINGS PLC[CG+] FBNH FINANCIAL SERVICES November 26th 2012 August 13th 2012
FCMB GROUP PLC. FCMB FINANCIAL SERVICES June 21st 2013 November 20th 2012
FIDELITY BANK PLC[CG+] FIDELITYBK FINANCIAL SERVICES May 17th 2005 November 19th 1987
FIDSON HEALTHCARE PLC FIDSON HEALTHCARE April 6th 2008 March 13th 1995
FLOUR MILLS NIG. PLC.[CG+] FLOURMILL CONSUMER GOODS Invalid date September 29th 1960
FTN COCOA PROCESSORS PLC[MRS] FTNCOCOA AGRICULTURE Invalid date August 26th 1991
GLAXO SMITHKLINE CONSUMER NIG. PLC.[CG+] GLAXOSMITH HEALTHCARE Invalid date June 23rd 1971
GLOBAL SPECTRUM ENERGY SERVICES PLC GSPECPLC SERVICES November 27th 2017 March 14th 2006
GOLDEN GUINEA BREW. PLC.[BRS] GOLDBREW CONSUMER GOODS Invalid date September 26th 1962
GOLDLINK INSURANCE PLC[MRS] GOLDINSURE FINANCIAL SERVICES February 12th 2008 September 8th 1993
GREIF NIGERIA PLC VANLEER INDUSTRIAL GOODS Invalid date January 20th 1940
GUARANTY TRUST BANK PLC.[CG+] GUARANTY FINANCIAL SERVICES Invalid date July 20th 1990
GUINEA INSURANCE PLC. GUINEAINS FINANCIAL SERVICES Invalid date December 3rd 1958
GUINNESS NIG PLC[CG+] GUINNESS CONSUMER GOODS January 2nd 1965 April 29th 1950
HONEYWELL FLOUR MILL PLC[CG+] HONYFLOUR CONSUMER GOODS October 20th 2009 July 9th 1985
IKEJA HOTEL PLC IKEJAHOTEL SERVICES September 6th 2007 November 18th 1972
INFINITY TRUST MORTGAGE BANK PLC[BLS] INFINITY FINANCIAL SERVICES December 11th 2013 November 28th 2002
INTERLINKED TECHNOLOGIES PLC INTERLINK SERVICES November 13th 1993 November 17th 1981
INTERNATIONAL BREWERIES PLC.[BLS] INTBREW CONSUMER GOODS Invalid date December 22nd 1971
INTERNATIONAL ENERGY INSURANCE PLC[MRS] INTENEGINS FINANCIAL SERVICES July 13th 2007 March 26th 1969
JAIZ BANK PLC JAIZBANK FINANCIAL SERVICES Invalid date April 1st 2003
JAPAUL OIL & MARITIME SERVICES PLC JAPAULOIL OIL AND GAS August 10th 2005 June 29th 1994
JOHN HOLT PLC. JOHNHOLT CONGLOMERATES Invalid date August 28th 1961
JULI PLC.[MRF] JULI SERVICES July 11th 1986 September 14th 1972
JULIUS BERGER NIG. PLC.[CG+] JBERGER CONSTRUCTION/REAL ESTATE Invalid date February 18th 1970
LAFARGE AFRICA PLC.[CG+] WAPCO INDUSTRIAL GOODS February 17th 1979 February 24th 1959
LAFARGE AFRICA PLC.[CG+] WAPCO INDUSTRIAL GOODS February 17th 1979 February 24th 1959
LASACO ASSURANCE PLC. LASACO FINANCIAL SERVICES Invalid date December 20th 1979
LAW UNION AND ROCK INS. PLC.[DIP] LAWUNION FINANCIAL SERVICES July 9th 1990 June 17th 1969
LEARN AFRICA PLC LEARNAFRCA SERVICES Invalid date October 8th 1961
LINKAGE ASSURANCE PLC LINKASSURE FINANCIAL SERVICES November 18th 2003 March 26th 1991
LINKAGE ASSURANCE PLC LINKASSURE FINANCIAL SERVICES November 18th 2003 March 26th 1991
LIVESTOCK FEEDS PLC. LIVESTOCK AGRICULTURE April 1st 1978 March 20th 1963
MAY & BAKER NIGERIA PLC. MAYBAKER HEALTHCARE November 10th 1994 April 9th 1944
MCNICHOLS PLC MCNICHOLS CONSUMER GOODS December 18th 2009 April 26th 2004
MEDVIEW AIRLINE PLC[BMF] MEDVIEWAIR SERVICES Invalid date August 11th 2004
MEYER PLC. MEYER INDUSTRIAL GOODS Invalid date May 20th 1960
MORISON INDUSTRIES PLC. MORISON HEALTHCARE Invalid date June 29th 1955
MRS OIL NIGERIA PLC. MRS OIL AND GAS Invalid date August 12th 1969
MTN NIGERIA COMMUNICATIONS PLC[CG+] MTNN ICT May 16th 2019 November 8th 2000
MULTI-TREX INTEGRATED FOODS PLC[BMR] MULTITREX CONSUMER GOODS November 1st 2010 October 30th 1999
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE NATURAL RESOURCES April 18th 2008 June 20th 2002
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT FINANCIAL SERVICES May 28th 2002 April 18th 1995
N NIG. FLOUR MILLS PLC. NNFM CONSUMER GOODS Invalid date October 29th 1971
NASCON ALLIED INDUSTRIES PLC NASCON CONSUMER GOODS October 20th 1992 April 30th 1973
NCR (NIGERIA) PLC. NCR ICT Invalid date December 9th 1949
NCR (NIGERIA) PLC. NCR ICT Invalid date December 9th 1949
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC[CG+] NEIMETH HEALTHCARE September 21st 1979 August 13th 1957
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC[CG+] NEIMETH HEALTHCARE September 21st 1979 August 13th 1957
NEM INSURANCE PLC[CG+] NEM FINANCIAL SERVICES September 5th 1990 April 2nd 1970
NESTLE NIGERIA PLC.[CG+] NESTLE CONSUMER GOODS April 20th 1979 September 25th 1969
NIGER INSURANCE PLC[MRF] NIGERINS FINANCIAL SERVICES Invalid date August 29th 1962
NIGERIA ENERYGY SECTOR FUND NESF FINANCIAL SERVICES June 18th 1999 October 26th 1998
NIGERIA-GERMAN CHEMICALS PLC.[DIP] NIG-GERMAN HEALTHCARE Invalid date January 10th 1964
NIGERIAN AVIATION HANDLING COMPANY PLC[CG+] NAHCO SERVICES November 27th 2006 April 8th 2005
NIGERIAN BREW. PLC.[CG+] NB CONSUMER GOODS September 5th 1973 November 16th 1946
NIGERIAN ENAMELWARE PLC. ENAMELWA CONSUMER GOODS Invalid date May 21st 1960
NOTORE CHEMICAL IND PLC[BLS] NOTORE INDUSTRIAL GOODS August 2nd 2018 November 30th 2005
NPF MICROFINANCE BANK PLC[CG+] NPFMCRFBK FINANCIAL SERVICES December 1st 2010 May 19th 1993
OANDO PLC[MRF] OANDO OIL AND GAS February 24th 1992 August 25th 1969
OKOMU OIL PALM PLC. OKOMUOIL AGRICULTURE September 9th 1997 December 3rd 1979
OMATEK VENTURES PLC[DWL] OMATEK ICT Invalid date July 6th 1998
OMOLUABI MORTGAGE BANK PLC OMOMORBNK FINANCIAL SERVICES Invalid date March 9th 1999
P Z CUSSONS NIGERIA PLC.[MRF][CG+] PZ CONSUMER GOODS Invalid date April 12th 1948
PHARMA-DEKO PLC. PHARMDEKO HEALTHCARE Invalid date April 18th 1969
PORTLAND PAINTS & PRODUCTS NIGERIA PLC[BLS] PORTPAINT INDUSTRIAL GOODS July 9th 2009 September 3rd 1985
PORTLAND PAINTS & PRODUCTS NIGERIA PLC[BLS] PORTPAINT INDUSTRIAL GOODS July 9th 2009 September 3rd 1985
PREMIER PAINTS PLC. PREMPAINTS INDUSTRIAL GOODS March 7th 1995 August 24th 1982
PRESCO PLC PRESCO AGRICULTURE October 10th 2002 September 24th 1991
PRESTIGE ASSURANCE PLC[BLS] PRESTIGE FINANCIAL SERVICES December 3rd 1990 January 6th 1970
R T BRISCOE PLC. RTBRISCOE SERVICES March 15th 1974 March 9th 1957
RAK UNITY PET. COMP. PLC. RAKUNITY OIL AND GAS Invalid date December 20th 1982
RED STAR EXPRESS PLC[CG+] REDSTAREX SERVICES November 14th 2007 July 10th 1992
REGENCY ASSURANCE PLC REGALINS FINANCIAL SERVICES Invalid date June 16th 1993
RESORT SAVINGS & LOANS PLC[MRF] RESORTSAL FINANCIAL SERVICES Invalid date June 17th 1992
ROADS NIG PLC.[DIP] ROADS CONSTRUCTION/REAL ESTATE Invalid date October 11th 1974
ROYAL EXCHANGE PLC.[CG+] ROYALEX FINANCIAL SERVICES December 3rd 1990 February 28th 1921
S C O A NIG. PLC. SCOA CONGLOMERATES Invalid date June 24th 1969
SECURE ELECTRONIC TECHNOLOGY PLC NSLTECH SERVICES Invalid date January 3rd 2000
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC[CG+] SEPLAT OIL AND GAS Invalid date June 17th 2009
SFS REAL ESTATE INVESTMENT TRUST SFSREIT CONSTRUCTION/REAL ESTATE Invalid date Invalid date
SFS REAL ESTATE INVESTMENT TRUST SFSREIT CONSTRUCTION/REAL ESTATE February 26th 2008 Invalid date
SKYWAY AVIATION HANDLING COMPANY PLC[BLS] SKYAVN SERVICES April 26th 2019 April 22nd 2009
SMART PRODUCTS NIGERIA PLC[MRF] SMURFIT CONSTRUCTION/REAL ESTATE Invalid date November 1st 1966
SOVEREIGN TRUST INSURANCE PLC SOVRENINS FINANCIAL SERVICES November 29th 2006 February 26th 1980
STACO INSURANCE PLC[MRF] STACO FINANCIAL SERVICES Invalid date July 10th 1991
STANBIC IBTC HOLDINGS PLC[CG+] STANBIC FINANCIAL SERVICES November 23rd 2012 March 14th 2012
STANDARD ALLIANCE INSURANCE PLC.[MRF] STDINSURE FINANCIAL SERVICES December 19th 2003 July 28th 1981
STERLING BANK PLC. STERLNBANK FINANCIAL SERVICES August 17th 1993 November 25th 1960
STUDIO PRESS (NIG) PLC. STUDPRESS SERVICES September 13th 1979 July 9th 1965
SUNU ASSURANCES NIGERIA PLC.[CG+] SUNUASSUR FINANCIAL SERVICES Invalid date December 13th 1984
TANTALIZERS PLC TANTALIZER SERVICES Invalid date May 4th 1997
THE INITIATES PLC INITSPLC SERVICES October 25th 2016 March 3rd 1995
THOMAS WYATT NIG. PLC.[MRS] THOMASWY NATURAL RESOURCES October 26th 1978 March 18th 1948
TOTAL NIGERIA PLC. TOTAL OIL AND GAS Invalid date January 6th 1956
TOURIST COMPANY OF NIGERIA PLC.[DIP] TOURIST SERVICES Invalid date October 4th 1964
TRANS-NATIONWIDE EXPRESS PLC. TRANSEXPR SERVICES September 7th 1992 March 28th 1984
TRANSCORP HOTELS PLC[BLS][CG+] TRANSCOHOT SERVICES January 15th 2015 July 12th 1994
TRANSNATIONAL CORPORATION OF NIGERIA PLC TRANSCORP CONGLOMERATES Invalid date November 16th 2004
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG ICT Invalid date April 14th 1980
U A C N PLC. UACN CONGLOMERATES Invalid date April 22nd 1931
UACN PROPERTY DEVELOPMENT COMPANY PLC UAC-PROP CONSTRUCTION/REAL ESTATE Invalid date October 6th 1997
UNIC DIVERSIFIED HOLDINGS PLC.[DIP] UNIC FINANCIAL SERVICES Invalid date April 2nd 1965
UNILEVER NIGERIA PLC.[CG+] UNILEVER CONSUMER GOODS April 1st 1973 November 4th 1923
UNION BANK NIG.PLC.[BLS] UBN FINANCIAL SERVICES Invalid date Invalid date
UNION DIAGNOSTIC & CLINICAL SERVICES PLC UNIONDAC HEALTHCARE Invalid date March 16th 1999
UNION DICON SALT PLC.[BMR] UNIONDICON CONSUMER GOODS September 23rd 1993 November 12th 1991
UNION HOMES REAL ESTATE INVESTMENT TRUST (REIT) UHOMREIT CONSTRUCTION/REAL ESTATE February 5th 2008 Invalid date
UNION HOMES SAVINGS AND LOANS PLC.[MRS] UNHOMES FINANCIAL SERVICES April 24th 2006 November 6th 1992
UNITED BANK FOR AFRICA PLC[CG+] UBA FINANCIAL SERVICES March 31st 1970 February 23rd 1961
UNITED CAPITAL PLC[CG+] UCAP FINANCIAL SERVICES January 13th 2013 March 14th 2002
UNITY BANK PLC UNITYBNK FINANCIAL SERVICES Invalid date April 27th 1987
UNIVERSAL INSURANCE PLC UNIVINSURE FINANCIAL SERVICES November 2nd 2009 March 1st 1961
UNIVERSITY PRESS PLC. UPL SERVICES August 14th 1978 August 14th 1978
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT CONSTRUCTION/REAL ESTATE February 26th 2008 March 27th 2013
VALUEALLIANCE VALUE FUND VALUEFUND FINANCIAL SERVICES July 27th 2011 Invalid date
VERITAS KAPITAL ASSURANCE PLC VERITASKAP FINANCIAL SERVICES Invalid date August 8th 1973
VITAFOAM NIG PLC. VITAFOAM CONSUMER GOODS Invalid date April 8th 1962
WAPIC INSURANCE PLC[CG+] WAPIC FINANCIAL SERVICES August 31st 1990 March 14th 1958
WEMA BANK PLC.[CG+] WEMABANK FINANCIAL SERVICES Invalid date May 2nd 1945
ZENITH BANK PLC[CG+] ZENITHBANK FINANCIAL SERVICES October 21st 2004 May 30th 1990

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Nigerian Stock Exchange

Stocks on Nigerian Exchange Limited Sustains Gain on Tuesday

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Stock Bull - Investors King

Listed stocks on the Nigerian Exchange Limited gained N36 billion on Tuesday to sustain Monday’s positive momentum.

The bourse All-Share Index rose by 0.18 percent from 39,312.74 index points on Monday to close at 39,382.96 index points on Tuesday. While the market value of listed equities expanded by N36 billion to settle at N20.527 trillion, up from N20.491 trillion recorded on Monday.

Investors traded 296.596 million shares valued at N3.362 billion in 4,265 transactions during the trading hours of Tuesday.

Meyer led gainers with N0.05 or 9.62 percent gain to close at N0.57 per share. This was followed by Presco with N6.90 or 9.58 percent gain as shown below.

Stock Market Snapshot

ASI 39,382.96
DEALS 4,265.00
VOLUME 296,596,623.00
VALUE N 3,361,573,907.37
EQUITY CAP N 20,527,328,320,996.84
BOND CAP N 17,216,586,380,738.50
ETF CAP N 18,261,586,163.62

Top Gainers

Symbols Last Close Current Change %Change
MEYER N0.52 N0.57 0.05 9.62%
PRESCO N72.00 N78.90 6.90 9.58%
UAC-PROP N0.76 N0.83 0.07 9.21%
AFRIPRUD N6.00 N6.55 0.55 9.17%
UNITYBNK N0.55 N0.60 0.05 9.09%

Top Losers

Symbols Last Close Current Change %Change
REGALINS N0.34 N0.31 -0.03 -8.82%
HONYFLOUR N1.20 N1.13 -0.07 -5.83%
CUTIX N2.21 N2.10 -0.11 -4.98%
UCAP N6.00 N5.76 -0.24 -4.00%
WAPIC N0.53 N0.51 -0.02 -3.77%

Top Trades

Symbols Volume Value
ACCESS 58,558,705.00 N494,147,223.85
UACN 38,274,061.00 N394,222,603.70
FIDELITYBK 27,150,533.00 N62,355,969.20
ZENITHBANK 26,421,735.00 N609,738,886.60
TRANSCORP 15,626,067.00 N14,179,618.10

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Stock Market

Global Sell-off Should be a Reality Check for Investors: deVere CEO

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Global Sell off - Investors King

Concerns about inflation that are rattling global stock markets on Tuesday should be used as a reality check for investors, says the CEO of one of the world’s largest financial advisory and fintech organizations.

The observation from Nigel Green, chief executive and founder of deVere Group comes as the pan-European Stoxx 600 index dropped 2.3%, with London’s FTSE 100 falling 2.4%.

Losses in Europe follow those in the Asia Pacific region. Hong Kong’s Hang Seng closed more than 2% lower and Japan’s Nikkei 225 ended the Tokyo trading session having shed more than 3%.

Meanwhile, U.S. futures are down across the board ahead of the opening bell in New York.

Mr Green says: “It is to be expected that there would be a jump in prices and supply shortages, in goods like chips and some commodities, as economies re-open and pent-up demand is unleashed by households, businesses and entire industries.

“We’re at a point of major readjustment following an unprecedented economic shock and this is fuelling concerns that rising inflation will trigger central banks to tighten monetary policy which will hit asset prices.

“It is this scenario that is rattling markets and triggering a global sell-off.”

He continues: “Tech shares are bearing the brunt of the sell-off, but this will also be used as an opportunity.

“With our daily lives becoming ever more digitalized – and at a staggering pace – tech will remain one of the mega-trends for investors for the foreseeable future.

“Savvy investors will be drawn to the massive growth that tech offers and this sell-off will used as a buying opportunity.  Nobody seriously believes the future isn’t online.”

Therefore, says Mr Green, investors would be wise to be “selective” about the sell-off.

“With some of the heat being taken out of the markets, with some stocks way too high, they are likely to – perhaps more judiciously than before – move to capitalize on this dip.”

The deVere CEO concludes: “Of course, I don’t have a crystal ball, but history shows that stock markets typically rise over the longer-term.

“Therefore, in the near future, I predict many investors will be seeking out the buying opportunities that exist.”

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Nigerian Stock Exchange

Investors Jump on Union Bank of Nigeria’s Shares Amid Acquisition Rumour

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Union bank - Investors King

Shares of Union Bank of Nigeria Plc, a leading financial institution in Nigeria, rose by 50 kobo or 9.26 percent on Monday following reports that Atlas Mara Limited, a 49.7 percent owner in the bank has been talking to investors to sell its stake.

Investors King had reported that Bloomberg sources claimed Atlas Mara Limited, a London Stock Exchange-listed pan-African banking group started by Mr. Bob Diamond is in talks with Zenith Bank, Access Bank and other investors across Africa to sell its holding in the bank.

Since the report became public investors have been acquiring shares of Union Bank in case Zenith Bank or Access Bank, one of the leading banks in the country, acquire it. Even the bank’s CEO, Godson Chukwuemeka Okonkwo, purchased an additional 2,431,917 ordinary shares of the bank on Thursday, according to the bank’s latest disclosure filing.

Union Bank of Nigeria was the third-highest gainer on Monday.

The Nigerian Exchange Limited gained N59.4 billion on Monday to close at N20.491 trillion on Monday.

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