IFC, a member of the World Bank Group, will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) next month to increase foreign investment in China and support the internationalization of the Chinese currency. The issuance marks
PRIVATE PLACEMENT OFFERINGS UNDER SECURITIES LAWS AND REGULATIONS IN NIGERIA: A CRITIQUE OF THE DECISION IN STELLA ERHURHORO vs BGL PLC, ALBERT OKUMAGBA AND SECURITIES & EXCHANGE COMMISSION (SEC), Nigerian Investment & Securities Tribunal, Case No. IST/LA
Transnational Corporation of Nigeria Plc (Transcorp) is pleased to announce the official listing of its Rights Issue of 12,906,999,142 ordinary shares on the floor of the Nigerian Stock Exchange (NSE).
Barclays gave in to pressure from regulators with a plan to issue £5.8 billion ($8.9 billion) in new shares, as part of what Chief Executive Antony Jenkins called "a bold but balanced plan" to address a capital shortfall.
The share price of Sterling Bank Plc out-performed the market in the last 18months as our extensive trend analysis reveals significant margin between the two. The YTD performance of the key benchmark indices stand at +28.80% against the +53.18% Sterling
It is a trite fact that the Nigerian economy continues to witness a steady GDP growth which is expected to translate into increased investment flows, lower unemployment and reduced poverty. The waiting period however is proving a rather inconveniencing re
African Paints Nigeria Plc reported an unimpressive Q3'12 performance, closing the year with another loss of N19.92million for the period ended 30th September 2012, extending losses as its net assets plunged into the red zone.
The much anticipated revival of the IPO market in Nigeria will be hinged on two major issues, despite impressive recent up-tick in the market the ability of prospective companies to get a right valuation for the share-worth and the improvement in market
The key purpose of the financial market is to help active and growing firms raise capital more efficiently. Recently, the Nigerian Capital Market recorded some positive impetus from firms to raise capital but the vehicle of choice was not through public o
The Securities and Exchange Commission , SEC , has assured local and international investors of its resolve to continue making sweeping changes geared towards giving greater depth and enhancing investor choice in the capital markets through real estate in
AN Indian, three officials of former Bank PHB, Nulec Industries Limited and Bank PHB were, on Wednesday, arraigned on a two-count charge of conspiracy and obtaining by false pretence by the Economic and Financial Crimes Commission (EFCC) before Justice Ha
Japan Airlines Co. will seek 663 billion yen ($8.5 billion) in the second-biggest initial public offering this year, completing a two-year turnaround from bankruptcy into the worlds most profitable carrier. The airline will list on the Tokyo Stock Exchan
A bipartisan group of lawmakers called on regulators to overhaul the way initial public offerings are conducted, concerned that last month's flubbed stock sale by FacebookInc. FB -0.97% shows the current system unfairly punishes small investors.
Initial Public Offerings (IPOs) always held out an attraction for capital markets – for one, it is the clearest indicator of a performing regulator focused on market development and linkages between the economy and the bourse.
The Union Bank of Nigeria (UBN) on Tuesday said that it had refunded all shareholders that participated in its rights offering that was cancelled by the Securities and Exchange Commission (SEC). Mr Francis Barde, the Head of Corporate Affairs of the bank,
Assur Africa Holding (AAH) hereby offers to purchase, upon the terms and subject to the conditions described in the Takeover Bid Document, shares representing up to 7.32% of the issued share capital of Guaranty Trust Assurance (GTAssur), on a pro-rata bas
As part of efforts to avoid recurrence of the crash of the Nigerian stock market in 2008 and 2009, the Securities and Exchange Commission (SEC) has stopped the publicity of private placements in the market, warning that any company that publicises its pri
If the Nigerian Capital Market (NCM) can introduce a new process applicable to retail individual investors referred to as Application Support by Blocked Amount (ASBA), it could led to saving investors the trouble of non-receipt of return money.
Lagos Building Investment Company Limited (LBIC) is giving a 100 percent (100%) allotment to investors who took part in the companyÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¾Ãƒâ€šÃ‚Â¢s year 2007 Private Placement (PP).
Both investors and prospective investors who bought into the just concluded Honeywell Flour Mills plcÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¾Ãƒâ€šÃ‚Â¢s offer have been assured of reaping from the very impressive financial
The Securities and Exchange Commission is investigating what caused the mishaps that plagued the Nasdaq Stock Market during Facebook shares' debut on May 18 and the effects on brokers and investors who lost money.
Courteville Investment Plc (Courteville), indigenous business solution provider is set to be amongst the top five percent (5.0%) in terms of Return on Investment (ROI) at the Nigerian Stock Exchange (NSE). Adebola Akindele, Managing Director/Chief Executi
Core Trust & Investment Limited (CORETRUST) has finally commenced its Capital raising of N2.186 billion after several postponements due to the current Market Meltdown. This was contained in an Information Memorandum made available to Proshare NI in Lagos