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MayTHE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 20th – 24th, 2024 Equity Turnover : Last week on the floor of the Exchange, investors traded a total turnover of 1.986 billion shares worth N40.715 billion in 38,487 deals. This represents a decrease in value compared to the previous week, where 1.652 billion shares valued at N42.677 billion […]
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MayDangote Sugar Refinery plans to borrow N50 billion through Series 4 and 5 CPs. This will total N100 billion raised. Series 4 offers 181-day CPs at a 20.65% rate. Series 5 has 265-day CPs at 21.17%. The offer opened on May 16 and closes on May 22, 2024. Settlement will occur on May 23. Since February 9,[…]
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MayAt 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[…]
