Business

NGX lists 402 million shares of Cadbury Nigeria worth N7.036 billion  

The Nigerian Exchange Limited (NGX) has admitted additional 402,082,657 ordinary shares of 50 Kobo each per share of Cadbury Nigeria Plc on its platform. 


This was contained in the NGX’s weekly report seen by Nairametrics. 


According to the report, the additional shares listed on NGX arose from Cadbury’s conversion of N7,036,446,501.26 intercompany loan to equity.