10
JunStock market dips further by 0.04%, sheds N12bn
Transactions on the floor of the Nigerian Exchange on Thursday closed on a negative note as the All Share Index declined marginally by 0.04% to close at 53,170.73 points from the previous close of 53,193.98 points. The Market Capitalisation declined by 0.04% to close at N28.665 trillion from the previous […]
09
JunSEC restates commitment to ensure market integrity
The Director-General of Securities and Exchange Commission (SEC), Lamido Yuguda has said that the Commission is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed dividends. Yuguda disclosed that the identity management project already ongoing in the capital market was[…]
09
JunUBA redeems $500m 5-year Eurobond
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[…]
09
JunAccess Bank to acquire 83.4% stake of Kenya’s Sidian Bank Limited
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),[…]
