Yearly Archives: 2022

The result of the first public offer of MTN Nigeria Communications ordinary shares has been published on the website of the Nigerian Exchange. According to the telecom giant: The offer was 139.47% oversubscribed, activating the allocation of an additional 86.25 million shares. Retail shareholders received full allotment despite over-subscription Institutional shareholders under the Bookbuild were pro- rated […]

The European Union has announced that it will invest €820 million in Nigeria Digital Economy The Executive Vice-President of European Commission, Margrethe Vestager disclosed this a recent meeting with Vice President Yemi Osinbajo. According to Margrethe Vestager, the €820 million was included in the Global Gateway Africa-Europe Investment Package worth €150 billion earlier announced by the EU[…]

The Board of Directors of UAC of Nigeria Plc has notified the Nigerian Exchange Limited, its shareholders and other stakeholders of the appointment of Ms. Ayomipo Wey as Group General Counsel/Company Secretary, effective February 8, 2022. As the Group General Counsel/Company Secretary of UACN, Ayomipo will guide and advise the Company and the Board in ensuring full[…]