₦airaland Forum

chimex38:
If a company lists on the NGX or any other foreign exchange..
It must delist from NASD-OTC if it's listed.
(can't dual list with NASD-OTC)

No company listed on NASD OTC is listed on any other exchange..
Hence the NASD-OTC is called an
"unlisted exchange"..
my 2 cents.

Omooloriredade:
My 2 cents:

#1 may eventually happen but not #2.

The Over-The-Counter (OTC) platform which the NASD is, is a decentralised broker - dealer market to facilitate trade of securities in the lower-tier category. Entry requirements are usually low-level and reporting is not as stringent. Companies will usually "graduate" from the OTC to a centralised exchange like the NGX, JSE, LSE, NYSE, NASDAQ etc. You will often find low cap, start-ups etc listed here.

Dual listing which you referred to offers a company exposure to investors across geographies. Eg NGX + JSE or NGX + LSE. In order words, international diversity.

If I have managed to confuse you, please look up OTC so you understand why a stock can't be in secondary school and University at the same time especially in the same country. You may find a company in the main exchange in home country but on the OTC in another country though if it's can't meet the requirement for listing in the main exchange. Not in both at OTC and exchange at the same time. If you have qualified for main exchange, accept promotion and move on.

RichEstate:
It seems we shellholders of OandO might eventually laugh
One of James Hadley Chase books says my laugh comes last

Meerahbel:
Wait! From ten naira to 50 kobo is that not retrogression

Streetinvestor2:
The management of this companies who over the yrs think the shareholders or investing public are stupid. They raise funds and give you guys.You go ahead and mismanage the company.The shareholders benefits nothing over the years while you feed fat on the company through various means as cost.When you come for public offer or right issues. Na owner father go buy the po and right issues. You think is those days people can not easily get information

KayOn1:
Nostradamus abi Norrenberger, una dey try well well.

RichEstate:
Fidelity Public offer #9.75k
Right issue #9.25k

June 20th to July 29th, 2024

222Martins:
Most people replying you are actually ill-informed of the workings of an MTO especially with respect to IEI.

The MTO will stand only if shareholders give up at least 90% of the 634,212,476 IEI shares Norrenberger is seeking to buy. If by the end of the deadline, they are able to get at least 90%, the remaining 10% shares of those who did not accept the offer will be taken forcefully.

But if at the end of the deadline, shareholders did not give up at least 90%, Norrenberger will have to make another bid with a better price. So the onus now lies on those holding IEI shares.

SonofElElyonRet:
Good news for transcorp power

Palomadove:
Pls as regards IEI takeover, what will happen to my shares if i do not accept the offer?

megawealth01:
Nawa for Ikeja hotel

Raider76:
Big money people have moved in again to put a cap on Oando price.

MARKETJJC:
OANDO on full over

dapix:
Beat you to it

mikeapollo:
Have you joined the Oando bus once again?

Agbalowomeri:
You will soon get at 10

megawealth01:
Na so unity bank shares don react for the news

mikeapollo:
But Eterna must be doing same or even better than Oando.

Streetinvestor2:
I thought someone wanted to by my bet naija oando at #20 yesterday. Abi na talk with no cash to back it up.Or is after you collect minimum wage you go buy

Boshins:
Nigeria sef dey quiet...

Payunsin:
Don't bother with Wale , I will buy at ₦20
from you.
I am looking far, far, far beyond ₦20

Mpeace:
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately.

This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability.

The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday.

According to the CBN, the bank’s management has been unable to stem the decline despite various supervisory steps taken by the regulator. With no reasonable prospects of recovery, the CBN has taken this action to protect the financial system and maintain public confidence.

“The Nigerian financial system remains on a solid footing.

“We are committed to ensuring the safety and soundness of our financial system, and this action reflects that commitment,” the statement added.

KayOn1:
From 5K

W0t0w0toman:
When you start with 50k, it give you the drive and motivation to hustle harder and invest more, as well as reinvest your returns, that is how I did it.