16 November 2012

Nigeria: Dangote Flour, Unity Bank Now NSE Market Makers

Lagos — The Nigerian Stock Exchange (NSE) has announced the addition of Dangote Flour Mills Plc, Unity Bank Plc and Prestige Assurance Plc to market making stocks on its bourse.

According to NSE, the new addition brings the number of stocks that have been rolled out by the initiative to 33.

The inclusion of the three stocks from consumer goods and financial services sectors respectively becomes effective November 15, 2012.

The addition of the new stocks is in line with the planned phased introduction of stocks to the market from the baskets of market makers on the exchange.

The roll out period for all the stocks quoted on the exchange is six months.

This takes place every fortnight since inception on September 18, 2012.

Among the 33 stocks covered by the programme now are, PZ Cussons Nigeria Plc; Nigerian Bag Manufacturing Company Plc; Presco Plc; International Breweries; Lafarge Wapco; and Fidson Healthcare Plc.

Others are Redstar Express Plc; Zenith Bank Plc; Sterling Bank Plc; D.N.Meyer; Diamond Bank; FCMB; Fidelity Bank Plc; Nigerian Breweries Plc; Guaranty Trust Bank Plc and UAC Nigeria Plc. (UACN) as well as AIICO Insurance Plc, United Bank for Africa Plc; 7Up Bottling Plc; Ecobank Plc; Skye Bank Plc UAC Property and Dangote Flour Mills Plc, Prestige Assurance Plc and Unity Bank Plc

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