The Nigerian Stock Exchange (NSE) will on Friday February 5 List by Introduction on its Growth Board the shares of Briclinks Africa Plc, making it the Exchange’s first listing in 2021.

Briclinks Africa Plc is a telecommunication company that empowers businesses and homes to thrive in a connected world.

It commenced business operations as a Telecommunications/General Contract company in July 2018 after it was issued an Internet Service Provider (ISP) license by the Nigerian Communications Commissions (NCC).

In Listing by Introduction, the company’s shares are listed without prior Initial Public Offering (IPO). It means that the company would have raised capital prior to applying to list, and also must have met the listing requirements – including a minimum number of public shareholders – 51 to list on the Growth Board and minimum public float of 15 percent for Growth Board.

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Public float is the portion of a company’s outstanding shares that is in the hands of public investors, as opposed to company officers, directors, or stockholders that hold controlling interests. These are the shares that are available for trading.

To commemorate the listing, there will be a digital Closing Gong Ceremony with Mohammed Buhari, Chief Executive Officer, Bricklinks Africa Plc.

Like other ISPs, Briclinks Africa Plc is regulated by the Nigerian Communications Commissions under the Nigerian Telecommunications Act of 2003 (As Amended).

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By Iheanyi Nwachukwu • February 8, 2021

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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