Aradel Holding Listing Boosts NGX Market Cap By N3.05trn …C0NTINUE READING HERE >>>
Aradel Holdings Plc, Nigeria’s leading integrated energy company, on Monday, received all regulatory approvals to list its ordinary shares on the Main Board of Nigerian Exchange Limited (NGX) by way of a Listing by Introduction.
The company listed 4.34 billion shares on NGX platform at N702.69 per share through a Listing by Introduction boosted the market capitalisation of NGX by N3.05 trillion, marking a significant milestone in the oil and gas sector’s participation in the stock market.
Accordingly, the All Share Index (ASI) gained by 608.50 points, representing a growth of 0.62…
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