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MayDANGOTE PLANS TO BORROW N50BILLION
Dangote Sugar Refinery plans to borrow N50 billion through Series 4 and 5 CPs. This will total N100 billion raised. Series 4 offers 181-day CPs at a 20.65% rate. Series 5 has 265-day CPs at 21.17%. The offer opened on May 16 and closes on May 22, 2024. Settlement will […]
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MayStanbic IBTC Holdings Plc Shareholders Approve Capital Raising Plans
At its 12th Annual General Meeting held in Lagos, the shareholders of Stanbic IBTC Holdings Plc approved several key capital raising initiatives proposed by the company. The shareholders approved the Board’s proposal for a N400 billion debt issuance program and additional N150 billion in equity capital. For the debt issuance[…]
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MayTHE NIGERIAN STOCK EXCHANGE MARKET REVIEW
THE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 13th – 17th, 2024 Equity Turnover : Last week on the floor of the Exchange, investors traded a total turnover of 1.652 billion shares worth N42.677 billion in 38,123 deals. This represents a decrease compared to the previous week, where 2.187 billion[…]
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MayNIGERIA EXCHANGE LIMITED NAVIGATING MURKY WATERS
The Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling[…]
