Nine delisted firms wipe off n165 11bn from nse
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Nine delisted firms on the Nigerian Stock Exchange (NSE) have wiped off a total of N165.11 billion from the market capitalization of the exchange. This is according to a report by the NSE, which stated that the delisting of these firms has resulted in a significant decline in the market capitalization of the exchange.
The nine delisted firms are:
- Afriprud Plc
- Capital Oil and Gas Industries Plc
- Diamond Bank Plc
- First Bank of Nigeria Holdings Plc
- First City Monument Bank Plc
- Guaranty Trust Bank Plc
- Heritage Bank Plc
- Keystone Bank Limited
- Union Bank of Nigeria Plc
The delisting of these firms is likely to have a significant impact on the NSE, as they were some of the largest and most prominent companies listed on the exchange. The decline in market capitalization is likely to affect the overall performance of the exchange and may also impact the value of other listed companies.
It's worth noting that the delisting of these firms may be due to a variety of reasons, including financial difficulties, regulatory issues, or strategic decisions by the companies themselves.