25 February 2013

Nigeria: Africa Prudential Becomes the First Listed Registrar On NSE

Lagos — Following its listing on January 2013 11 Africa Prudential Registrars Plc (APR) has become the first and only registrar in the country to be listed on the Nigerian Stock Exchange.

Formerly known as UBA Registrars, the newly listed entity, which has an authorized and fully paid up share capital of N500 million, delivered over 100 per cent increase in profit before tax in 2012 and looks set to continue the trend in 2013.

Africa Prudential Registrars has several local and international investors, the most prominent of which is Heirs Holdings, the pan-African investment company with long term, strategic interests in key economic sectors that generate social wealth.

Being the only registrar listed on the stock exchange gives APR a level of accountability and openness that far exceeds its competitors.

According to Peter O. Ashade, the company's Chief Executive Officer, the process of listing a company is a rigorous one which he believes is the reason why APR stands apart.

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