With the traditional ringing of the bell to close trading for that day at the floor of the Nigerian Stock Exchange in Lagos, the Group Managing Director Mr. Biyi Otegbeye formerly listed 4,850,000,000 ordinary shares of 50 kobo each at N1.75. It was indeed a day of glory for our company on May 27, 2008. Addressing a mammoth crowd of stock brokers, Otegbeye said, that he was aware that the market is information driven adding that he would made necessary information available timely and promptly.

Also speaking the General Manager Mr. Bene Okafor said that the company would live up to the expectation of players in the market. He added that there opportunities for public quoted companies to excel l in the market. Okafor advised the directors and management to avail themselves of the opportunities. He assured them of the cooperation of both the council and management of the exchange.

Responding on behalf of the stock brokers, the doyen, Mr. Fagbemi, encouraged the company to follow the rules that have been outlined, noting that the stock brokers are willing to contribute their quota to assisting in the growth of the company.

“I wish to thank the council and management of the Nigerian Stock Exchange for approving our application to list 4,850,000,000 ordinary shares of 50 kobo each at NI.75 per share. Today‘s epoch making event marks another significant development in the history of our company.

The GMD promised that the company would adhere to the principles of accountability, openness and fairness that the company is reputed for. He also pledged that it would comply with the regulations of NSE as well as those of other regulatory agencies.
The company presently has one subsidiary locally- RIC Properties and Investment Limited. The second one: RIC Micro Finance Bank Limited is in the offing. Application for license has already been made to Central Bank of Nigeria (CBN).