A leading Cote D’Ivoire’s insurance company, Sunu Assurances Vie Cote D’Ivorie has received the approval of the Nigerian Stock Exchange (NSE) to acquire 28.2 per cent equity stake in Equity Assurance Plc, in a deal valued at N1.25 billion. Sunu Assurances would be acquiring a total of 2.497 billion ordinary […]
Capital Market
Access Bank Raises N41.71 Billion Falling Short of Rights Issue Target
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc has raised N41.71 billion out of its proposed N52.6 billion via its last rights issue, Reuters reported on Tuesday citing a document. According to the report, the document showed that the rights issue meant for expansion of branches […]
Update: Fidelity Bank List N30 billion Bonds on NSE
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Fidelity Bank Plc last week listed a total of N30 billion 7 years fixed rate 16.48 percent subordinated unsecured bonds due 2022 issued by the bank. A statement from the lender said all the investors/bondholders’ Central Securities Clearing System (CSCS ) account have been credited […]
