Capital Market

IOSCO Reviews Implementation of PRA Principles

Press Release/IOSCO Sept 09, 2014 The International Organisation of Securities Commissions today issued the report Implementation of the Principles for Oil Price Reporting Agencies (The ‘IOSCO Oil PRA Principles’), prepared in collaboration with the International Energy Association (IEA), International Energy Forum (IEF) and Organisation of Petroleum Exporting Countries (OPEC). The […]

51% of Ebonyi State N9.34 Billion Bond to Liquidate UBA Loan

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ebonyi state, southeast Nigeria has said it will use 51 percent of its N9.34 billion bond issuance to liquidate its existing loan of N4.34 billion with United Bank for Africa Plc (UBA). This is contained in the prospectus of the state’s fixed rate bonds due […]

Lafarge Africa Acquires Stake worth N41 billion from Ashaka Cement

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Newly merged cement manufacturer Lafarge Africa Plc on Tuesday said it has acquired stakes worth N41 billion from Ashaka Cement Plc from Lafarge Nigeria (UK) Plc. An issuer’s announcement to the Nigerian Stock Exchange (NSE) said Lafarge Africa bought a total of 1,312,444,260 ordinary shares […]