By Kayode Tokede Trading on the equities market on Monday carried on last week’s bullish performance with a gain of 0.05 per cent, as investors’ renewed interest in Eterna and 22 others. The All Share Index (ASI) increased by 21.88…
By Kayode Tokede Airtel Africa Plc has announced that its subsidiary, Airtel Networks Ltd., (Airtel Nigeria) has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share. The Group Company Secretary, Mr Simon O’Hara, in…
By Kayode Tokede Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure on Monday celebrated its teeming customers, including retail and institutional investors in the financial market, Securities Exchanges, stock brokerage participants, investment banks, custodians, registrars and issuers of…
By Kayode Tokede As part of its $1.5billion funding plan Access Bank Plc issued a further $500million Eurobond Offer that was 200 per cent oversubscribed last week. The bond was offered at a coupon roughly three per cent higher than…
By Kayode Tokede The Securities and Exchange Commission (SEC), Nigerian Exchange (SEC) Ltd. and some Fintech operators have said that technology companies could leverage Nigeria’s capital market platforms to raise funds. They made the submission at the Virtual TechNovation Conference…
By Kayode Tokede Renewed interest in the equities market of the Nigerian Exchange Limited (NGX) spurred bargain hunting in the third quarter (Q3) of the year, as investors’ investment went up by N1.196 trillion. The key performance indicator of the…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) closed trading activities on Thursday on a bullish note by N328 billion ahead of the Independence holiday, to extend the positive sentiment to two consecutive trading days. The…
By Kayode Tokede Following a comprehensive rating process, Fitch Ratings has affirmed Union Bank’s Long-Term Issuer Default Rating at ‘B-’ with a stable outlook. The lender’s Long Term National rating was also upgraded from ‘BBB- (nga)’ to ‘BBB (nga), with…
By Kayode Tokede The Securities and Exchange Commission (SEC) and National Insurance Commission (NAICOM) have sanctioned African Alliance Insurance Plc N3.9million for contravening certain regulations in 2020 financial year. The capital market regulating body sanctioned the Insurance company N3.4million in…
Ahead of the country’s 61st independence anniversary Oct.1, experts insist that the contribution of the capital market to the Gross Domestic Product (GDP) must improve. They spoke in separate interviews on Wednesday in Lagos, while reviewing the performance of the…
