Company Focus:Neimeth International Pharmaceuticals Plc

The Company was incorporated on 30th August 1957 as a Private Limited Liabilty Company. It was converted to a Public Limited Liability Company in 1991 and the shares are currently quoted on the Nigerian Stock Exchange. On 14th May 1997, Pfizer Inc. N.Y. divested from the company through a management buy-out.

What is Capitalization?

A company's capitalization refers to the total Naira market value of all of a company's outstanding shares. Capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determining a company's size, as opposed to sales or total asset figures.

Capitalization Explained
If a company has 35 million shares outstanding,

NSE-Market Review[4-8 Jul,2011]

Suspension of 41 companies by the NSE for not submitting annual reports. The NSE-ASI closed at 24,310.03 -0.015% ,Volume for the week was a cumulative 1.685 billion shares 

Although, former Minister of Finance and World Bank Managing Director, Dr Okonjo-Iweala was confirmed by the Senate to be a Minister in the new Jonathan administration, the market continued its downward drift. It appeared to mirror last weeks trading pattern with an uptick on Thursday only to reverse the next day, same as last week.