Nigeria's SEC rejects PZ Cussons Holdings' buyout plan, preventing delisting on Nigerian Exchange.

Nigeria's Securities and Exchange Commission (SEC) rejected PZ Cussons Holdings Limited's plan to buy out minority shareholders of PZ Cussons Nigeria Ltd, preventing delisting from the Nigerian Exchange Limited. The UK-based company initially offered N21 per share, which was rejected, and then increased the offer to N23 per share, but was denied "no objection" by the SEC. The company's board will communicate further developments to shareholders.