Ellah Lakes Lists N6.3bn Shares from Debt-to-Equity Conversion on NGX

Naijaonpoint_ng | 24-06-2026 05:17pm |

The N6.3 billion shares of Ellah Lakes Plc converted from debt to equity have been listed on the Nigerian Exchange (NGX) Limited. Instead of paying its creditors N6.3 billion loans in cash, Ellah Lakes triggered the option of paying back in equities. According to a notice from NGX Regulation Limited on Tuesday, the company gave

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