02
JunUAC concludes maiden N18.7bn Commercial Paper issuance
UAC of Nigeria Plc haas announced the successful completion of its ₦18.7 billion Series 1 and 2 Commercial Paper issuance (CP Issuance), the debut issuance under its recently established ₦45 billion Commercial Paper Programme. UAC’s CP Issuance was very well received and attracted significant demand from a wide range of […]
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[…]
