Finance Services

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 issued on May 30, 2017, as the […]

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 GSK, “the proposed acquisition further strengthens our vaccines[…]

It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as profit taking by investors dragged the market down further The All Share Index dropped by 1.45% to close at 52,990.28 points from the previous close of 53,772.14 points. The Market Capitalisation declined by 1.45% to close at N28.568 trillion from[…]