Capital Market

CSCS Joins list of Securities Admitted to trade

Following on the back of the successful registration of the shares of Central Securities Clearing System (“CSCS”) with the Securities and Exchange Commission, Greenwich Securities Limited filed to admit the ordinary shares of the company to trade. The 5 billion ordinary shares of  CSCS denominated at ?1:00 per share will […]

Nigeria’s Diamond Bank seeks approval for up to $400 mln rights issue

Nigeria’s Diamond Bank is seeking regulatory approval to raise between $300 million and $400 million via a rights issue from existing shareholders, its chief finance officer said on Wednesday. “We are in the process of filing with the relevant regulatory authorities for a rights issue … which we expect to […]

Safetrust Mortgage Bank to list on NSE

Safetrust Mortgage Bank Limited plans to list its shares on the Nigerian Stock Exchange (NSE) within the next three years as the mortgage bank moves to consolidate its operations and attain a nationwide coverage. Managing director, Safetrust Mortgage Bank Limited, Mr. Yinka Adeola, said the mortgage bank has launched a […]