$1.2bn power listing lights up Nigerian exchange

A power generator energized the Nigerian exchange with a NGN 1.8 trillion ($1.16 billion) boost to market capitalization, after listing 7.5 bn shares yesterday (4 March) at NGN 240 per share. Transcorp Power Plc listed its shares by introduction onto the Main Board of the Nigerian Exchange Limited (NGX). In today’s trading (5 March), the…