Briclinks Africa lists on the Nigerian Stock Exchange

Briclinks Africa, a communication solutions company, recently made strides by listing on the Growth Board of the Nigerian Stock Exchange through a way of introduction. The company listed 10 million ordinary shares of 1 Naira each at a price of 6 Naira 26 Kobo per share. Mohammed Buhari, the CEO of Briclinks Africa, shared insights on the company's decision to enter the capital market amidst the global pandemic and the journey towards listing on the NSE Growth Board. The capital market has proven to be a strategic move for the company, allowing them to establish a solid corporate governance structure and ensure business continuity. Buhari emphasized the importance of utilizing the capital market as a mechanism to attract investors and solidify their presence in the market. He expressed that listing on the Growth Board was a significant milestone for Briclinks Africa, providing an opportunity to showcase their business potential and attract more investors to the Nigerian market. One of the key aspects of the listing was the valuation process, which was facilitated by financial advisors. Through a meticulous valuation of their customer base, turnover, audited accounts, and infrastructure assets, Briclinks Africa arrived at a value that reflected the true worth of the company. The company met the minimum criteria set for the NSE Growth Board, positioning themselves for sustainable growth and expansion in the market. Buhari highlighted the importance of this new platform introduced by the NSE, foreseeing a positive trend of more companies valuing their worth and joining the board in the future. Reflecting on their journey since inception in 2018, Briclinks Africa has witnessed notable growth and success in the telecommunications and internet service provider industry. Buhari shared the company's plans for the near future, including the launch of voice services to complement their existing internet services. With a focus on customer satisfaction and passion for the industry, Briclinks Africa aims to expand their customer base and enhance their service offerings. Buhari outlined ambitious growth targets for the company, envisioning a significant increase in voice calls and customer engagement over the next five years. As Briclinks Africa continues to make waves in the telecommunications sector, their strategic listing on the NSE Growth Board sets a strong foundation for future growth and development. With a commitment to quality service delivery and a customer-centric approach, the company remains poised for success in the dynamic Nigerian market.