The exit of Union Bank of Nigeria from the Nigerian Exchange Limited (NGX) is poised to shed the sum of N193.7 billion from the bourse.
Union Bank, listed on the NGX (previously known as Stock Exchange) as UBN in 1971 has a market capitalization of N193.7 billion which will be removed from the Exchange’s total market capitalization which closed yesterday at N38.940tr.
It would be recalled that in a notice to the NGX, Union Bank had unveiled the move to delist from the NGX following the acquisition of shareholding by Titan Trust Bank.
