See more as Another Nigerian company set to list shares on Nigerian stock market

• The fig of companies connected the Nigerian Exchange is acceptable to summation with the listing of Legend Internet Plc
• The listing volition present let the shares of Legend Internet Plc to beryllium traded connected the Nigerian Exchange (NGX)
• Legend Internet is simply a starring supplier of fibre-to-the-home (FTTH) services, offering high-speed internet

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

Nigerian fibre broadband institution Legend Internet Plc has announced plans to database 2 cardinal shares by instauration connected the Main Board of the Nigerian Exchange (NGX) connected April 24, 2024.

The determination signals the continued emergence of the country’s integer economy.

Legend Internet shares to beryllium traded publically for the archetypal time Photo credit: Bloomberg/contributor
Source: Facebook

The listing, which volition beryllium conducted by mode of introduction, allows the company's shares to beryllium traded connected the unfastened marketplace without a nationalist offering, having met each regulatory and firm governance requirements acceptable by the NGX.

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The institution said that the NGX listing volition culminate with a ceremonial bell-ringing event, marking a caller signifier successful its travel to deepen integer inclusion crossed Nigeria.

Shakirah Alaga, Chief Marketing Officer, Legend Internet, successful a statement, said the forthcoming listing and Bell-Ringing Ceremony people a important milestone successful Legend’s ngo to thrust integer inclusion and redefine location connectivity crossed the country, BusinessDay reports.

Also, Aisha Abdulaziz, Chief Executive Officer, Legend Internet said:

"Legend’s listing connected the NGX is much than a firm milestone it’s a nationalist moment, We are gathering Africa’s astir customer-focused net company, powered by world-class infrastructure and made-in-Nigeria innovation." Going nationalist allows much radical to beryllium portion of this communicative and stock successful the worth we are creating."

Legend Internet volition beryllium betting connected the expected maturation successful Nigeria's net users to make much revenue Photo credit: Nurphoto
Source: UGC

What to cognize astir Legend Internet

Legend Internet, wide known for its fiber-to-the-home (FTTH) infrastructure, has gained prominence successful Nigeria’s broadband marketplace by delivering high-speed internet, cablegram TV, and astute location solutions straight to homes and businesses. The company’s portfolio includes on-demand streaming, crystal-clear dependable calls, automated location surveillance, energy monitoring, and astute lighting services.

Founded with a ngo to link underserved areas and municipality centres alike, Legend Internet has invested heavy successful last-mile fibre infrastructure, allowing it to service markets wherever broadband entree has been historically constricted oregon unreliable.

Leadership reports that the company’s customer-first exemplary and localised offerings person enabled it to go a standout subordinate successful Nigeria’s increasing tech sector.

With Nigeria’s expanding reliance connected integer services successful education, healthcare, finance, and entertainment, request for fast, reliable net is projected to climb.

Legend, with its expanding infrastructure, loyal lawsuit base, and agile leadership, is positioning itself to capitalise connected this trend.

The listing besides places Legend Internet among the ranks of tech and telecom giants similar MTN Nigeria and Airtel Africa connected the NGX, offering investors a caller accidental to pat into the country’s broadband-driven integer transformation.

Nigerian banal investors records N21bn loss

Ealier, Legit.ng reported that Nigeria’s equities marketplace investors mislaid over N21 cardinal successful 1 year.

Data from the Nigerian Exchange Limited (NGX) showed that the marketplace All-Share Index (ASI) slipped to 104,529.62 points from 104,563.34 achieved connected Friday, past week.

Also, marketplace capitalisation decreased from N65.706 trillion to N65.685 trillion. On Monday.

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Source: Legit.ng