The Chartered Institute of Bankers of Nigeria says it has partnered the Nigerian Stock Exchange with a view to fast-tracking the growth of the country’s capital market. According to the institute, the partnership will, in addition to encouraging market growth, see both institutions working to protect the capital market from […]

Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company’s chief executive told Reuters on Thursday. Olabode Makanjuola said he wanted to diversify the capital structure from debt, which is currently […]

Nigeria’s Union Bank said on Wednesday it will seek shareholders’ approval in June to raise up to $750 million in medium-term debt instrument. Union Bank has been transforming its image after new investors recapitalised the lender three years ago following a central bank rescue of the institution in 2009.   […]