Companies that reported insider trading transactions in April

In a bid to further enhance the transparency of the market, eight companies in April have reported insider trading transactions. Some of the companies are Stanbic IBTC, United Capital, Sterling Bank, Meyer and Wapic Insurance, among others.

Insider trading is any transaction in securities made when the person behind the transaction is aware of non-public material information. The categories of individuals who qualify as an insider include board members, management team members and other employees holding strategic positions in a company.

Stanbic IBTC announced that Olufunke Amobi, head human capital purchased 11,159 units of the company’s shares at N26.78 per share. United Capital’s head of portfolio management, Kayode Tinuoye bought 500,000 shares of the company at N3.06 per share.

Guaranty Trust Bank’s Paul Ogwemoh bought 370,000 units of GTB’s shares at N18.15 per share. Sterling Bank’s Tairat Tijani, a non executive director representing Ess-ay Investment Limited executed a cross deal from Balogun Shuaib Adesina. The transactions involved 300,000 shares at N1.15 per share.

Further, a non-executive director of the Consolidated Hallmark, Ngozi Nkem, sold 20 million shares at N0.25 per share. Also, Olufunke Amobi of Stanbic IBTC purchased additional 38,841 shares of the company at N28.50 per share. She also bought 18,607 shares of the company at N28.60 per share in another transaction.