The London Stock Exchange Group (LSE.L) said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell. LSE will offer 74,347,813 new shares at a price of 1,295 pence, a 30.1 percent discount to its Aug. 21 closing price. […]
Capital Market
Diaspora remittances hit $21b, says KPMG
With a yearly growth rate of three per cent over the past five years and $21 billion inflow of personal remittances last year, Nigeria is the fifth largest remittance receiver worldwide in terms of volume, a KPMG report has shown. The Banking Industry Customer Satisfaction Survey 2014 by the firm […]
NASD OTC out to stop investor abuse –Ajomale
The Managing Director and Chief Executive Officer, NASD Plc, Mr. Bola Ajomale, has said one of the major objectives of its over-the-counter market for unlisted securities is to protect investors from the abuse and exploitation they suffered in the past. The NASD MD said this on Thursday when he visited […]

