The Nigerian Exchange Limited (NGX), yesterday, announced the listing of 18 billion ordinary shares by introduction of BUA Foods Plc on its Main Board at N40 per share under the Consumer Goods sector.
The listing of BUA Foods’ shares has added N720 billion to the market capitalization of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.
The Exchange said in a statement that this listing will also increase the visibility of the food manufacturing, processing, and distribution company, BUA Foods, to investors on the African continent and across the globe.
NGX said it facilitated over N7 trillion worth of capital raises across several asset classes for both public and private corporations in 2021.
As a multi-asset Exchange, NGX is strategically positioned to be the preferred listing and investment destination connecting Nigeria, Africa and the world.
This listing will also increase the visibility of the food manufacturing, processing, and distribution company, BUA Foods, to investors on the African continent and across the globe.
