Mecure Industries Limited, a leading human pharmaceuticals and nutraceuticals manufacturing company is set to list four billion ordinary shares on Nigerian Exchange Limited (NGX) by introduction at N2.96 per share.
This is another major listing for NGX in the pharmaceuticals industry as the company will add N11.84bn to the market capitalisation of the Exchange upon its addition to the Main Board.
For more than a decade, the Mecure Industries Plc has tapped into the power of new technology and innovation to advance the practice of medicine.
MeCure pioneered the development of novel products based on advances in technology and launched the pharmaceutical industry’s first tablet in a capsule formulation called Liquitab Floatcap.
Today, as a leading healthcare company serving millions of patients, MeCure continues to be an entrepreneurial, technology‐driven enterprise dedicated to helping people fight everyday illness.
With MeCure listing on the Exchange, NGX further reinforces itself as a platform of choice for corporates looking to raise capital. Already, the Exchange has secured listings from VFD Group, Nigeria Infrastructure Debt Fund (NIDF) and Africa Plus Partners in 2023.
NGX continues to strengthen its value proposition for corporates to consider the Nigerian capital market for their fundraising needs, reinventing itself and maintaining advocacy with policymakers and regulators to make listing in the public markets attractive.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
2023 Ballon d’Or: Osimhen finishes eight, becomes highest ranked Nigerian footballer
Super Eagles and Napoli forward, Victor Osimhen, has achieved the highest ranking for a Nigerian in the history of the Ballon d’Or football award. Osimhen achieved this milestone by ranking eighth in the 30-man list of the 2023 Ballon d’Or award...….
Tinubu intervenes in Fubara, Wike rift
President Bola Tinubu has moved to end the rift between Governor Simi Fubara of Rivers State and his predecessor in office, Nyesom Wike, which has dragged the state into a political crisis.The president used the opportunity of Tuesday’s meeting of the Police Council, which both attended as members, to ostensibly end the feud between the two political allies……..
Reps summon Betta Edu over N1.1trn Conditional Cash Transfer
The House of Representatives on Tuesday summoned the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, over the implementation of the N1.1 trillion Conditional Cash Transfer (CCT) for vulnerable Nigerians.The resolution which was passed sequel to the adoption of a motion under ‘Matters of urgent public importance’ sponsored by Hon. Moshood Adebayo (PDP-Osun), who harped on the need to scrutinize the policy on the CCT....….…
2024 Olympic Qualifiers: Super Falcons thrash Ethiopia, zoom to next round
Nigeria’s Super Falcons have booked a place in the third round of the qualifiers for the 2024 Olympic Games after a 4-0 win against Ethiopia at the Moshood Abiola Stadium, Abuja on Tuesday. The former African champions won the second-round contest 5-1 on aggregate…..…
Four kinds of people you should date
It’s a few months to the end of 2023, and you still wonder why you have not met a good person to do matching pyjamas with. Well, here are a few tips about the quality of people you should date as you move on from your past sour relationships......…
Ondo Assembly suspends impeachment of deputy gov Aiyedatiwa
The Ondo State House of Assembly has suspended the impeachment proceedings against Deputy Governor Lucky Aiyedatiwa following the refusal of the Chief Judge of the state, Olusegun Odusola, to set up a panel for the exercise...…
EDITORIAL: Sheikh Gumi’s incendiary outburst
RECENTLY, a Kaduna State-based Islamic cleric, Sheikh Ahmad Gumi, set the polity on edge, accusing the Bola Ahmed Tinubu administration of committing the unpardonable sin of making a Nigerian of southern origin and immediate past governor of Rivers State, Barrister Nyesom Wike, the the minister of the Federal Capital Territory (FCT)..……
and then