Nigeria: NSE Lists Caverton's 3.350 Billion Units of Shares

The Nigerian Stock Exchange (NSE), on Tuesday, listed 3.350 billion ordinary shares of oil servicing company- Caverton Offshore Support Group Plc, raising the bourse's market capitalisation by N31.829 billion.

Caverton provides marine, aviation and logistics services to local and international oil and gas companies in Nigeria, the first offshore support company to become listed, a move expected to boost the Federal Government's policy of encouraging local capacity and ownership in the oil and gas sector.

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