Contrary to analysts’ speculations that the new date for Airtel Africa Plc’s listing on the Nigerian Stock Exchange would be today, July 7, the NSE has said the new date of the listing is Tuesday, July 9.
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
In a statement issued on Sunday, the NSE said, “The Exchange is aware of various media reports stating that the postponed Airtel Africa listing on NSE is scheduled for Monday, July 8.
“Please be informed that the official date for the listing is Tuesday, July 9.”
The NSE had on Friday postponed the listing of Airtel’s shares barely two hours to the planned time.
The bourse announced the postponement of the listing, saying there were processes yet to be followed by the firm.
The NSE, in a statement on Friday, said, “The cross-border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa Plc has been postponed from the scheduled date of Friday, July 5, 2019.
“This postponement was necessitated by the need to ensure that the company meets all the post NSE approval pre-requisites for listing on the NSE.”
However, the facts before the listing event held as planned at 11.00 a.m. on Friday.
On Thursday, the NSE said in a circular that it granted a waiver to the firm as it did not meet the minimum requirement of 300 shareholders as of the day the listing was approved by the National Council of the Exchange.
The Chief Executive Officer, NSE, Mr Oscar Onyema, said there were processes yet to be followed and papers yet to be signed by the firm.
He said, “This is a highly-regulated matter; there are back-end processes that need to be followed by the company.”
Analysts at Vetiva Capital Management said Airtel’s addition of approximately N1.36tn in market capitalisation to the NSE would lift the bourse to a market cap of over N14tn, as well as effectively create a new major sector represented on the Exchange, the telecommunications sector.
The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209.
______________________________________________________________________
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE
Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd
Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria.
Bonus:
Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.
How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com
Ebook Version: Access directly online at: https://selar.com/prv626
________________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
