10

Jun

Stock market dips further by 0.04%, sheds N12bn

Transactions on the floor of the Nigerian Exchange on Thursday closed on a negative note as the All Share Index declined marginally by 0.04% to close at 53,170.73 points from the previous close of 53,193.98 points. The Market Capitalisation declined by 0.04% to close at N28.665 trillion from the previous close of N28.677 trillion, thereby shedding N12 […]

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09

Jun

SEC restates commitment to ensure market integrity

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[…]

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09

Jun

UBA redeems $500m 5-year Eurobond

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[…]

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