Wondering if anyone has authentic information on Globe-Reinsurance.
I invested in the Private Placement for about 3 Months now and I thought it should have been listed.

Listed where ? Definitely not NSE.
They may be verifying them shortly and they will be listed very soon on Insurance list of successful insurance companies. Amen.

The private placement of Globe Re was a successful one, however the company is yet to be listed. What actually happened was that the company wanted to merge with Nigeria Re and they had actually signed MOU with the company. It however happened that the Board of Nigeria Re and NICON took the Government to court with respect to verification exercise embarked upon by NAICOM. Globe Re inventually pulled out of the merger talks asa a result of this court case and applied to SEC who granted a 1 week period for the company to get more funds through the private placement which you also subscribed to. Before that time, First Bank Plc had signified their intention to take about 51% of the shares of Globe Re, we learnt this was successful and made many people to subscribe to the private placement. We heard that they may be coming for listing in the market very soon by introduction. I think it is a strategic buy.

tundetire thanks for the cheering info. I pray they succeed and they get listed on time.