Monthly Archives: June 2022

United Bank for Africa (UBA) has redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support the Bank’s business in key sectors of the economy. As part of UBA’s liability management strategies, in […]

Access Holdings Plc has announced that its wholly owned subsidiary, Access Bank Plc has entered into a binding agreement with Kenyan based Centum Investment Plc for the acquisition of 83.4% equity stake held by Centum in Sidian Bank Limited. The purchase consideration is approximately up to N15 billion ($37 million), representing a price to book multiple of[…]

The equity market on Wednesday closed lower as the All Share Index declined by 0.14% to settle at 53,193.98 points from the previous close of 53,270.88 points. The Market Capitalisation declined by 0.15% to close at N28.677 trillion from the previous close of N28.719 trillion, thereby shedding N42 billion. An aggregate of 248.958 million units of shares[…]