Capital Market

IOSCO Unveils Nine Standards on Risk Mitigation for Non-Centrally Cleared OTC Derivatives

By InvestAdvocate Lagos (INVESTADVOCATE)-Global securities regulator, the International Organisation of Securities Commissions (IOSCO) on Wednesday unveiled a final report which sets out nine (9) standards aimed at mitigating the risks in the non-centrally cleared OTC derivatives markets, it said in a statement. IOSCO said the set of risk mitigation standards […]

Lafarge Africa to pay N1.85b to Ashakacem’s minority shareholders

Lafarge Africa Plc has set aside about N1.9 billion as cash payments for the minority shareholders of Ashaka Cement Plc as Lafarge Africa wraps up a mandatory tender offer (MTO) that seeks to absorb minority shareholders of Ashaka Cement in a cash and equity deal. The extended application period for […]

Oando Changes Rights Issue Price to N16.50

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm Oando plc on Tuesday said it has changed its ongoing rights issue price from the initial N22.00 per share to N16.50 per share, according to the company in a notice on its official website. “The initial Offer size, price and ratio of […]