Heritage Bank to list on NSE soon, says MD

Ifie Sekibo, managing director and chief executive officer of Heritage Bank, says the bank will soon be listed on the Nigerian Stock Exchange (NSE).

Fielding questions from journalists on Thursday on the sidelines of the Vanguard Economic Summit, Sekibo said the bank is expecting fresh capital injection from investors.

He, however, declined to provide the identity of the investors or details of the deal.

Sekibo said the injection would boost the bank’s capital and support its plans to intervene in the real sector.

“I want to predict a good prediction. For that matter it would not be this year. But it would definitely be listed on the stock exchange especially because we are expecting new investors and one of their core expectations is that we would list within the nearest future, so we would list on the NSE,” ThisDay quoted him as saying.

“There may be mergers and acquisitions happening and I’m happy to see them. Yes, investors are coming in and they are happy with our returns and we are one of the companies that has returned good results in the financial institution space. So investors are always happy with the type of returns we make.”