Modupe Gbadeyanka
By Modupe Gbadeyanka
An airline in Nigeria, Med-View Airline, was on Tuesday, January 31, 2017, listed on the Nigerian Stock Exchange (NSE).
Med-View got listed on the main board of the NSE with the introduction of 9.75 billion (9,750,649,400) ordinary shares at N1.50 per share.
Chief Executive Officer of the NSE, Mr Oscar Onyema, in his welcome address, commended Med-View Airline for taking the bold step to list on the Exchange.
His words, “We are particularly pleased that Med-View Airline has taken this strategic step to join the prestigious club of quoted companies in Nigeria.
“It further reaffirms our belief that in spite of several policy and economic challenges facing the nation, our platform remains one of the best avenues for raising capital and enabling sustainable growth for national development.”
He further said, “This listing has added N14.65 billion to the market capitalization of the NSE, further deepening the Nigerian capital market.”
Mr Onyema pointed out that this “will also increase the visibility of Med-View Airline Plc and differentiate it as a professionally run airline with high corporate governance standards, having met The NSE’s listing criteria.”
“With this listing, the company is showing its commitment to a culture of strong corporate governance, excellence, professionalism and efficient services to its passengers, as well as providing increased returns to its shareholders,” he said.
Med-View Airline Plc is one of Nigeria’s foremost airlines, airlifting more than 3m passengers and 46m tons of cargo (annually) to 14 local, regional and international destinations, including London, Accra, Jeddah, Abuja, and Lagos amongst others.
