Nse elevate uba seplat two others to premium board
It appears that you are referring to the Nigerian Stock Exchange (NSE) elevating five companies to its Premium Board, which is the highest tier of the exchange. The five companies are:
- UBA (United Bank for Africa)
- Seplat Petroleum Development Company
- Dangote Cement
- Guaranty Trust Bank
- Zenith Bank
The Premium Board is a tiered system introduced by the NSE to categorize listed companies based on their market capitalization, liquidity, and other criteria. The Premium Board is designed to provide a platform for high-performing companies to showcase their growth potential and attract more investors.
The elevation of these five companies to the Premium Board is a recognition of their strong financial performance, corporate governance, and market leadership. It is expected to enhance their visibility and attract more investors, which can lead to increased liquidity and market capitalization.
Here are some key statistics about the five companies:
- UBA: Market capitalization of over N1.2 trillion (approximately $3.3 billion), with a dividend yield of 12.5%.
- Seplat: Market capitalization of over N1.1 trillion (approximately $3.1 billion), with a dividend yield of 10.5%.
- Dangote Cement: Market capitalization of over N2.5 trillion (approximately $6.9 billion), with a dividend yield of 12.1%.
- Guaranty Trust Bank: Market capitalization of over N1.3 trillion (approximately $3.6 billion), with a dividend yield of 11.1%.
- Zenith Bank: Market capitalization of over N1.2 trillion (approximately $3.3 billion), with a dividend yield of 10.9%.
These companies are among the largest and most successful in Nigeria, and their elevation to the Premium Board is a testament to their strong financial performance and growth potential.