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Capital Market
Ecobank to repay $250m Eurobond 2 years ahead
Ecobank Nigeria has said that it planned to repay its $250 million outstanding Eurobond two years ahead of its maturity date.The bond which was issued in August 2014 with 8.75 per cent rate to one of the bank’s largest subsidiaries; EBN…
LASACO proposes 5 Kobo dividend to its shareholders
The Board of Directors of LASACO Assurance Plc has proposed to pay its shareholders a dividend of five per share for full-year 2018.The payment is subjected to shareholders’ approval in the company’s Annual General Meeting (AGM) to be…
Airtel receives N50bn loan ahead July 4 listing
A number of Nigerian banks have offered credit facility worth N50 billion to Airtel Nigeria, a telecom company, which plans to list its shares on both the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE) on July 4, 2019.…
MTN Nigeria rated +Aa as stocks defy $2bn tax case
AN ‘Aa+’ rating has been assigned to MTN Nigeria Communications Plc by Nigeria’s first credit rating agency and a pan African leader in credit reports, Agusto& Co. limited, whose strong credibility presence and ratings are globally…
Total Nigeria assures shareholders of improved returns in 2019
CHAIRMAN, Total Nigeria Plc, Stanislas Mittelman, has assured the shareholders of the company of the board’s commitments towards enduring steady and consistent returns for their investments.Mittelman shared his optimism at the company’s…
Shareholders commend Stanbic IBTC’s performance, dividend payment
Shareholders of Stanbic IBTC Holdings Plc, a member of Standard Bank Group, have commended the financial institution for its outstanding financial performance for the 2018 financial year.The company was also commended for its dividend…
Cadbury Nigeria shareholders applaud dividend increase to N471m
Shareholders of Cadbury Nigeria Plc have applauded the board of the company for increasing its dividend payment from 16 kobo in 2017, to 25 kobo per share in 2018, amounting to N471 million.At the 54th Annual General Meeting (AGM) of…
Ellah Lakes diversifies into oil palm business
With listing of an addition 1.88 billion units of shares on the main board of the Nigerian Stock Exchange (NSE), Ellah Lakes Plc has announced its strategic shift into oil palm business, through the acquisition of Telluria Farms.Ellah…
FG Series II Green Bond oversubscribed by 220%
The Debt Management Office (DMO) has released the second series of Federal Government’s issuance of a green bond which was oversubscribed.According to a statement released following the subscription, the total value of subscriptions…
NSE, partners REDmoney to host IFN Nigeria Forum
The Nigerian Stock Exchange (NSE), in partnership with REDmoney Group, is set to hold the inaugural edition of the IFN Nigeria Forum themed, “Harnessing the Islamic Finance Sector for Infrastructure Development and Economic Growth”, on…