Culled—Proshare September 19, 2017/United Capital Last week, the Nigerian government via FGN Roads Sukuk Company 1 Plc issued a 7-Year N100bn Sukuk (bond). Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law which forbids interest payments. The maiden […]

Culled–Proshare September 19, 2017/FBN Merchant Bank FBN Merchant Bank Limited and Lotus Financial Services Limited have been appointed as Joint Financial Advisers to the Debt Management Office (DMO) of the Federal Government of Nigeria on the inaugural FGN N100 billion Sukuk offer. The offer was opened to the public on […]

September 19, 2017/Punch Stanley Opara Union Bank Plc says the subscription for its N50bn rights issue will commence on Wednesday, September 20 and close on October 30, 2017. The lender plans to offer 12.1 billion ordinary shares of 50 kobo each, which will be available at N4.10 per share, on […]