20

May

Stanbic 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 program, shareholders gave the green light for […]

03

Nov

MTN Nigeria to raise N52.9bn via Commercial Paper issuance

MTN Nigeria Communications Plc has notified the Nigerian Exchange and the investing public of its proposed issuance of up to N52,895,846,000 Series 8 and 9 Commercial Paper notes under its N250 Commercial Paper Issuance Programme. The issuance is part of the Company’s strategy to diversify its financing options with the funds being deployed towards short term working[…]

26

Jul

Ecobank Nigeria extends remittance services to business accounts holders

Ecobank Nigeria has extended its innovative remittance services to its business account holders. This implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business (B2B), Business to Customer (B2C) and Customers to Business (C2B) transaction types directly into their business accounts.  The[…]