MTN Nigeria has notified the Nigerian Exchange and the investing public of its proposed issuance of up to N23 billion Series 3 commercial paper note under its N150 billion Commercial Paper Issuance Programme.
The issuance is part of Company’s strategy to diversify its financing options, with the funds deployed towards working capital and general corporate purposes.
Source: MTN Nigeria to raise N23bn via Commercial Paper – StocksWatch (stocksng.com)
The Nigerian stock market last week declined occasioned by profit taking in Dangote Cement, MTN Nigeria and other 38 stocks. The All Share Index and Market capitalization declined by 0.11% to settle at 67,324.59 points and N36.847 trillion respectively. An aggregate of 3.9 billion units of shares were traded in 38,536 deals, valued at N30.379 billion. The […]
The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed:[…]
