NSE migrates four companies to Growth Board - Basic Storylines

How to Seduce Straight Guys NSE migrates four companies to Growth Board
Board
Nigerian Stock Exchange

By Nkiruka Nnorom

The Nigerian Stock Exchange (NSE), yesterday, migrated four companies – Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc to the Growth Board from the Alternative Securities Market (ASeM) even as the Exchange launched the associated Growth Board Index to track development in the sector.

The migration follows the receipt of applications from these companies requesting to be migrated from ASeM, and consequent screening and approval by the National Council of the Exchange.

READ ALSO:#EndSARS: Ogun Judicial Panel closes submission of petitions

The NSE Growth Board was launched in January 2020 to encourage Start-Ups, Small and Medium Enterprises (SMEs) and growth-oriented companies looking to raise capital and promote liquidity in the trading of their shares. It offers relaxed entry criteria with less stringent listing requirements, making it easier to attract capital flows along with reduced pre and post-listing obligations.

Speaking at the virtual migration ceremony and Closing Gong ceremony by the companies, Oscar Onyema, Chief Executive Officer, NSE, said: “This migration affirms the notable efforts of the four companies to meeting corporate governance standards and underpins the robustness of our market. “We congratulate and are pleased to migrate Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc to the Growth Board where they will have access to a suite of value-added services that will give them a competitive edge beyond access to capital.”

 

The post NSE migrates four companies to Growth Board appeared first on Vanguard News.

Comments

Post a Comment

Popular posts from this blog

GRAPHICS: Combined police operatives kill Gulak’s killer, Imo CP says - Basic Storylines

Image
How to Seduce Straight Guys Imo State Commissioner of Police, Abutu Yaro, has revealed that combined operatives of the command’s Tactical Units, Intelligence Response Team, and Police Mobile Force have sucessfully killed killers of a former Presidential aide, Ahmed Gulak. It was widely reported that Gulak was on Sunday morning killed in Imo State while on his way to Sam Mbakwe International Cargo Airport, Owerri. Police Spokesperson in Imo, Bala Elkana, in a statement on behalf of the CP, explained that “riffles, pistol, and ammunition were recovered from the slain suspects. Elkana also revealed that the vehicles the slain hoodlums used in killing the former Presidential aide were recovered by the command. “On 30th May, 2021 following distress received by the Command on the gruesome murder of Ahmed Gulak, Police Special Forces made up of Intelligence Response Team, Police Mobile Force (PMF) and Tactical Units from the command were deployed to the scene at Obiangwu Junction
Read more

Executive capitalism, the path to Nigeria’s prosperity - Basic Storylines

Image
How to Seduce Straight Guys   A map of Nigeria By Dr Omaghomi Ofioritse   Global competition for the earth’s scarce resources gets increasingly frenetic,with each passing day. This continuous struggle between available resources and yearning global needs, has resulted in a new approach to governance, that better guarantees continuous prosperity. We shall call this style of governance, executive capitalism, which is partly a win win symbiotic arrangement, where private capitalist companies are in close relationship with the Chief Executives / governments of their respective countries. The companies get unlimited government money, intelligence, and patronage; resulting in bigger, more profitable companies that are better able to employ more of the country’s nationals. The companies are also better able to pay proportionately larger taxes to the government. The resultant more buoyant governments are in turn more equipped to assist new sets of private companies, the end result bei
Read more

What Sam Momah said about Nigeria before he died Wednesday - Basic Storylines

Image
How to Seduce Straight Guys Major General Sam Momah By Dirisu Yakubu At the presentation of what turned out to be his last book on July 6, 2020, former Minister of Science and Technology, Major General Sam Momah (retd) left some food for thought in the consciousness of journalists, guests and dignitaries at the event. The book (his twelfth) “Why We Must Restructure Now,” is arguably the most authoritative piece of literature on the subject matter till date. Away from the mere verbal tribute to restructuring, General Momah in the book he sub-titled “Nigerian Green Book,” dealt extensively with the mileage of the subject and allayed fears of those who see it as synonymous with resource control. Momah died in Abuja on Wednesday afternoon after long battle with diabetes. Here are some of the things he said at historic event.   “ Restructuring is not resource control. It is instead a globally agreed win-win strategy of replacing fossil energy with renewable energy in order to check
Read more