WorldStage– Eunisell Interlinked Plc, a specialized Nigerian engineering, power infrastructure, and technology solutions provider has been hit by severe illiquidity and low volume on the Nigerian Exchange, no thanks to a small free float with only 236.70 million total outstanding shares available.
WorldStage check showed that he last price movement for EUNISELL occurred on Thursday, July 16, 2026 when the stock closed at ₦189.00, down from its previous peak range of ₦209.95 – ₦210.00.
Since hitting ₦189.00, the stock price has remained completely static (+0.00% daily change), trading at ₦189.00 across recent sessions on low volume.
A total of 2,675 shares traded on August 26, 2026, and 1,095 shares on August 24, 2026 as buyers and sellers are not placing orders that breach the current bid/ask price matching threshold, no new price movement or price revaluation has taken place.
WorldStage check traced the challenge to the small free float of only 236.70 million total outstanding shares with the vast majority of EUNISELL stock held long-term by core investors and insiders, leaving very few shares actively changing hands daily in the public market.
*Source NGX
Core Parent Investor
Boussole Integrated Limited: The primary majority/parent shareholder controlling the company. They hold over 63% to 67% of the total share capital (~150 to 160+ million shares). Because this block of shares is held strategically for corporate control, it is never traded on the open market.
Key Insiders & Executive Directors
Mr. Chika Ikenga (Chairman): Serves as Chairman of the board and holds a substantial stake through direct shareholding (3.48 million units) as well as indirect holdings via connected corporate entities (including Boussole Integrated Limited).
Mr. Fabian C. Nnadozie (Former Chairman / Major Director): Holds significant direct (6.23 million units) and indirect holdings.
Mr. Christopher Okoro (MD / CEO): Executive Director holding equity interests representing key management alignment.
Mr. Kayode Awobodu & Mallam Surajudeen Balarabe Yakubu: Board members/directors holding direct executive equity stakes.
“With Boussole Integrated Limited and the board of directors tightly controlling roughly 70–80% of the company’s entire 236.7 million outstanding shares, the remaining “free float” in the market is negligible,” industry source told WorldStage.
“Because these long-term holders do not actively buy or sell their positions daily, orders placed by retail investors frequently stall due to a total absence of matching counter-orders on the order book.”
About Eunisell
Founded in 1981 as Raychem Nigeria Limited to introduce Heat Shrink Technology to Nigeria, the company later listed on the Nigerian Stock Exchange in 1993 and subsequently rebranded to Interlinked Technologies Plc before adopting its current name following core equity investment from the Eunisell group.
Core Operations & Services
Power & Electrical Engineering: Engineering design, procurement, installation, and commissioning of electrical substations, power distribution grids, and high-voltage transmission networks.
Cable & Component Distribution: Distribution of electrical cables, jointing, heat-shrink and cold-applied cable terminations, and subsea cable solutions.
Thermal Control & Industrial Solutions: Industrial process temperature maintenance and heat-tracing applications (in partnership with global brands like nVent) serving manufacturing plants and refineries.
Oilfield & Technical Support: Operations and maintenance (O&M), system upgrades, and equipment servicing across upstream and downstream energy infrastructure.
