02
JunMarket sheds N9bn as NGXASI closes marginally lower by 0.03%
The equity market on Wednesday closed the first trading day of the month bearish as the All Share Index dipped by 0.03% to settle at 52,974.15 points from the previous close of 52,990.28 points. The Market Capitalisation declined by 0.03% to close at N28.559 trillion from the previous close of […]
01
JunZenith Bank redeems $500m Eurobonds
Zenith Bank has announced the redemption of the balance of $107.4 million of its $500 million Eurobond notes due May 30, 2022. This is a further demonstration of the Bank’s highly diversified and robust funding sources, and its impeccable pedigree and track records in treasury management. The Eurobond notes were[…]
01
JunGSK buys US Vaccine Firm for $3.3bn
GlaxoSmithKline on Tuesday bought Affinivax, a US biopharmaceutical firm for up to $3.3 billion, expanding further into vaccines before the demerger of its consumer health care arm. The London-listed company has agreed to pay $2.1 billion upfront and up to $1.2 billion in potential development milestones for Affinivax. According to[…]
01
JunStock market declines by 1.45% on profit taking
It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as profit taking by investors dragged the market down further The All Share Index dropped by 1.45% to close at 52,990.28 points from the previous close of 53,772.14 points. The Market Capitalisation declined by[…]
