September 11, 2019/Cowry Asset Recently, the Boards of Directors of UAC of Nigeria Plc (“UAC”) and UACN Property and Development Company Plc (“UPDC” or the “Company”) (collectively the “Boards”, individually the “Board”) notified The Nigerian Stock Exchange, Securities and Exchange Commission (“NSE”), their Shareholders and the investing community of their […]

September 11, 2019/Cordros Report Equities The Nigerian equities market recorded its first gain this week, as the benchmark index widened by 0.39% to 27,153.53 points – the largest single-day gain since August 23 –, following investors interest in NESTLE and SEPLAT. Thus, the Month-to-Date and Year-to-Date losses moderated to -1.73% […]

Culled—Proshare September 11, 2019 by United Capital Research  Recently, UAC of Nigeria Plc (UACN) alongside its subsidiary, UAC Property Development Company Plc (UPDC), jointly announced plans to raise equity capital worth N15.96bn via a rights issue to recapitalise UPDC and subsequently unbundle UACN’s shareholding in UPDC. Additionally, the post-capitalised UPDC will […]