14

Feb

Stock Market Review: February 14, 2023

The stock market on Monday closed on a positive note with 0.07% growth. Year to date, the market has returned 6.08% with the All Share Index and Market Capitalisation at 54,364.67 points and N29.611 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following were discussed: Excerpts: The market […]

14

Feb

Royal Exchange Plc to raise N2.058bn via Rights Issue

Royal Exchange Plc at its recent Extra-Ordinary General Meeting has passed a resolution to raise equity capital of N2,058,148,030 (Two Billion, Fifty Eight Million, One Hundred and Forty-Eight Thousand, Thirty Naira by Rights Issue. The Company will issue to existing shareholders 4,116,296,059 ordinary shares of 50 kobo each on the basis of four (4) new ordinary shares[…]