By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday announced a rights issue of N50. 4 billion. The Nigerian mid-tier lender said it has submitted application for a rights issue of 8,685,145,863 ordinary shares of 50 kobo each at N5.80 per share. The Bank said the qualification date for the rights exercise […]
Capital Market
NSE Benchmark Index Dip Marginally 0.03% to End Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Benchmark index at Nigerian stock exchange (NSE) Friday dropped marginally 0.03 percent to close the week at 41,517.10 basis points (BPs), while market capitalisation also declined the same margin to close at N13.709 trillion. The NSE reported that four (4) of its indices appreciated during […]
SEC Approves AfDB’s N160bn Medium Term Note Programme
The African Development Bank’s (AfDB’s) application to establish a N160 billion Medium Term Note Programme in the Nigerian capital market has been approved by the Securities and Exchange Commission (SEC) of Nigeria. The AfDB is being advised on the transaction by Stanbic IBTC Capital (a member of the Standard Bank […]
