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BUA Foods Adds N720bn Market Capitalisation to NGX Main Board

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Kayode Tokede BUA Foods yesterday added N720billion market capitalization to the Main board of the Nigerian Exchange Limited (NGX) after meeting capital market regulating bodies listing requirement…

BUA Foods yesterday added N720billion market capitalization to the Main board of the Nigerian Exchange Limited after meeting capital market regulating bodies listing requirements.

Commenting on the listing, Chairman of BUA Group, Abdul Samad Rabiu in a statement said: “I am delighted that yet another member of BUA Group has been listed on the NGX. Also, the Acting Managing Director, BUA Foods, Ayodele Abioye, also stated, “the listing today marks a new beginning for a Company playing a critical role in the FMCG industry, one that’s highly committed to nourishing lives with all our product offerings.

The Exchange in a statement said the listing of BUA Foods’ shares has added N720billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

 

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