@Pa Fru: Nigerian IT graduates forming companies and conquering West, East and Southern Africa whilst Cameroon IT genius are paper tigers, why?. Cameroun Government to blame here also?.: Computer Warehouse to list on NSE at N5.48k per share

Computer Warehouse to list on NSE at N5.48k per share

October 7, 2013 | Filed under: main story | Posted by: Editor

Computer Warehouse plc, one of the fastest growing information and communication technology companies in Africa, will be listing its shares on the Nigerian Stock Exchange (NSE) on November 15, 2013 at N5.48 kobo per share, BusinessDay can disclose.
The company, which has a total of 2.158 billion shares, is expected to list on the Exchange a minimum of 20 percent of its total shares. Currently, twenty percent (20%) of equities of Computer Warehouse plc is owned by Aureos Capital LLC.
To demonstrate the significance of Computer Warehouse plc's listing on the Nigerian Stock Exchange and the need to list ICT companies on the Nigerian bourse, Omobola Johnson, minister of Communication Technology, will be at the listing of the company's shares.
It took the company just three (3) months to get approval for listing its shares on the NSE – a development which market watchers observed as a big shift in the processes required for listing, giving kudos to the Oscar Onyema-led management of the NSE.
Founded by Austin Okere, Computer Warehouse plc is an example of some companies which the NSE has been prospecting to get listed.