Blog

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 meant to ensure that every participant within […]

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 part of UBA’s liability management strategies, in[…]

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), representing a price to book multiple of[…]