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According to the Exchange, the upgrade and reclassification, which took effect from Monday March 8, 2021, was based on the review of the share prices of the stocks in recent months. With the reclassification, there would be change in the tick size change from one kobo to five kobo, in line with Rule 15.29: Pricing Methodology, Rulebook of the Exchange, 2015.“International Breweries Plc, Ecobank Transnational Incorporated and Northern Nigeria Flourmills Plc stock price appreciated above the N5 price level on October 16, 2020, October 27, 2020 and October 30, 2020 respectively and traded above N5 up till close of business on February 18, 2021, and March 1, 2021 respectively.
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