change in 2019. This wiped N165.11bn off the market capitalisation.
He said neither the company nor shareholders were benefiting from the continued listing as shares were not getting any exit opportunity and investments had been locked up while the company was bearing unnecessary cost in complying with its listing obligations. On April 1, Diamond Bank was fully merged with Access Bank to build a new entity while retaining the name of Access Bank with a logo that took the form of Diamond Bank.Newrest ASL Nigeria Plc in February voluntarily applied to the NSE to delist all its shares.
It said neither the company nor its shareholders were benefitting from the continued listing on the NSE. It said the licence revocation was due to the inability of its shareholders to adequately recapitalise the bank after the 2016 intervention.The total market capitalisation depreciated further by N11.80bn as Fortis Microfinance Bank had its shares suspended from being traded on the floor of the NSE and delisted for failing to adhere to standard corporate governance and extant post-listing requirements.
On December 31, the NSE announced that it approved the voluntary delisting application of Continental Reinsurance Plc and A.G. Leventis Nigeria Plc.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »