27/2/2018/Bloomberg By Emele Onu Afreximbank plans to sell depositary receipts in Nigeria Listing will raise $200 million in equity to fund lending African Export-Import Bank plans to sell shares in Nigeria and two other African countries to support lending and broaden its ownership base. The Cairo-based lender is in talks […]
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MTN eyes $5.2bn NSE listing in July
March 1, 2018/Punch Stanley Opara with agency report MTN Group plans to list its Nigerian unit worth $5.23bn by July in a debut Initial Public Offer on the Nigeria Stock Exchange and will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters. MTN aims to raise […]
Seplat Plc FY 2017 – Earnings Braced by Tax Credit
Culled—Proshare February 28, 2018/ARM Research Earnings braced by Tax Credit Seplat Petroleum Development Company Plc. (SEPLAT) reported its full-year 2017 result this morning. In contrast to prior year masked by losses, the company returned to profitability, with a robust cash flow position. Much of this recovery reflected the lifting of […]
