Mixed sentiments dominated trading activities on the bourse as bargain buying in GEREGU (+15.3%) amid profit-taking activities in MTNN (-2.1%) underpinned a +0.1% increase in the All-Share index to 52,638.93 points. January 27, 2023/Cordros Report Global Economy According to the Bureau of Economic Analysis (BEA), the United States (US) economy […]
Investors Bite
FCMB Group Announce Plans to Issue up to N30bn Series I Additional Tier 1 Bond Under its N300bn Debt Issuance Programme
January 26, 2023/NGX FCMB Group Plc (“FCMB Group”) has completed the registration of its N300 billion Debt Issuance Programme with the Securities and Exchange Commission (“the Commission”) and received the Commission’s approval to launch the Series I up to N30 Billion Perpetual Fixed Rate Resettable NC5.25 Additional Tier 1 Bond […]
SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Securitizations
January 25, 2023/US SEC The Securities and Exchange Commission today proposed a rule to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. The rule is intended to prevent the sale of asset-backed securities (ABS) that are tainted by material […]
