This was orchestrated by the more powerful Nigerian Stock Exchange which lobbied with the government to maintain its monopoly over the Nigerian stock markets.
Goodie Ibru, who had qualified as a commercial lawyer, became president of the Nigerian Stock Exchange and chairman of Ikeja Hotels.
on the 26 April 1994 International Breweries Plc became a public limited liability company and listed on the Nigerian Stock Exchange.
It is the first Nigerian company to achieve a dual listing on both the Nigerian and Johannesburg Stock Exchanges, and Nigeria’s largest oil company with a market capitalization in the region of $1billion.
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