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Nigerian Stock Exchange

Airtel Africa Announces Default Currency Exchange Rates for Final Dividend

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Airtel Financial Results - Investors King

Airtel Africa on Thursday announced the default currency and options on currency election for the proposed 2.5 cents per ordinary share final dividend recommended by the Board.

The leading telecommunications and mobile money services company said the currency exchange rates that will be applicable in determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment in U.S. dollars, GB pounds or Nigerian naira will be as follows:

Arrangements for Shareholders that hold their shares on the London Stock Exchange (LSE):

• Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.

• Partial elections are not permissible.

• Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.

• Shareholders holding their shares on the LSE who do not indicate their currency of choice before 12 July 2021 will receive their dividends in U.S. dollars.

• The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 12 July 2021.

• Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44 (0)370 7030027.

Arrangements for Shareholders that hold their shares on the Nigerian Exchange Limited (NGX):

• Shareholders that hold their shares on the Nigerian Exchange Limited may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.

• Partial elections are not permissible.

• Holders electing to receive a dividend in U.S. dollars should complete the Currency Election Form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com.

• Shareholders holding their shares on the NGX who do not indicate their currency of choice before 12 July 2021 will receive their dividends in Nigerian naira.

• The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 12 July 2021.

• Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currencyelection-form/

The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:

Exchange Rate

1 USD = 410.95 Nigerian naira
1 USD = 0.7068 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 9 June 2021.

 

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.

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Nigerian Stock Exchange

Nigerian Exchange Group Lists N1.964 Ordinary Shares at N16.15 Per Share on NGX

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Nigerian Exchange Limited - Investors King

Nigerian Exchange Group on Friday listed 1,964,115,918 ordinary shares on the Nigerian Exchange Limited’s Main Board following the demutualisation of the Nigerian Stock Exchange.

The listing was after the Nigerian Exchange Limited approved the application of the group to list its entire issued and fully paid 1,964,115,918 ordinary shares of 50 Kobo each at N16.15 per share.

The Group trading symbol NGXGROUP.

Speaking on the listing, Mr. Oscar Onyema, the Chief Executive of NGX Group, said the listing had opened up new opportunities for the company.

He said, “The demutualisation of the Nigerian Stock Exchange created the opportunity to restructure and reposition the organisation to achieve our expanded vision to be the preferred and premier exchange hub for Nigerian businesses and the wider African economy.

“The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships.”

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Nigerian Stock Exchange

Stock Investors Gained N329 Billion as FBN Holdings Sustained Gains

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Stock - Investors King

Investors gained N329 billion at the Nigerian Exchange Limited (NSE) last week as stocks of Champion Breweries, FBN Holdings and others closed in the green.

During the week, investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals, in contrast to a total of 2.187 billion shares valued at N16.183 billion that exchanged hands in 14,377 deals in the previous week.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.770 billion shares valued at N18.058 billion traded in 12,942 deals. Therefore, contributing 81.20 percent and 82.22 percent to the total equity turnover volume and value, respectively.

The Conglomerates followed with 93.178 million shares worth N169.819 million in 736 deals. In third place was ICT Industry, with a turnover of 72.338 million shares worth N1.043 billion in 861 deals.

FBN Holdings Plc, Universal Insurance Plc and Fidelity Bank Plc were the three most traded stocks in the week, accounting for 1.161 billion shares worth N12.338 billion that were traded in 3,460 transactions during the week. The three contributed a combined 53.28 percent and 56.18 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed stocks gained N329 billion or 1.62 percent from N21.296 trillion recorded in the previous week to N21.625 trillion last week.

NSE All-Share Index appreciated by 1.39 percent or 569.79 index points to close at 41,438.15 index points last week, up from 40,868.36 index points recorded in the previous week.

Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat. The exchange extended year-to-date return to 2.90 percent.

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Nigerian Stock Exchange

List of Stock Brokers in Nigeria

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Nigerian Exchange Limited - Investors King

Stockbrokers are financial professionals that execute stock orders on behalf of clients in Nigeria and other countries. Stockbrokers are also known as investment advisors due to the fact that they offer investment advice and issue reports/analyses on securities to clients.

Most stockbrokers in Nigeria work for brokerage companies and handle transactions for both individual and institutional clients for commissions.

Here is the complete list of all active and inactive stockbrokers in Nigeria as of October 14, 2021. Investors should endeavour to check this list as often as possible as the Nigerian Exchange Limited can move an active stockbroker to an inactive list.

Check below for the list of stockbrokers in Nigeria and their status.

List of Stock Brokers in Nigeria

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