Capital Market

Oversubscription: Africa Prudential Returns over N1.0 billion

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Africa Prudential Registrars Plc, (former UBA Registrars) said it has returned over N1.0 billion oversubscription money from its last right issue conducted in the last quarter of 2013. Peter Ashade, managing director/chief executive officer (MD/CEO) of the company disclosed this in exclusive chat […]

Uganda Bourse Gets Competitor as Second Market Plans Derivatives

Uganda is set to join Kenya and Nigeria in developing derivatives trading as the nation’s markets regulator approved plans for another bourse in East Africa’s third-biggest economy. ALTX Africa Group Ltd., based in Port Louis, Mauritius, may open the exchange in the fourth quarter, Keith Kalyegira, chief executive officer for […]

Shareholders set agenda for new Zenith Bank MD

Shareholders of Zenith Bank Plc have urged the incoming Managing Director of the bank, Mr. Peter Amangbo, to do all in his capacity to ensure that the bank remains a top financial institution in the country and beyond. The shareholders, who said this in Lagos on Wednesday at the company’s […]