24/5/2017/NSE Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces the co-option of Mr. Greg Davis to its Board of Directors. This co-option follows his appointment as Group Chief Financial Officer. Mr. Greg Davis joined ETI since October 2016. Before Ecobank, Mr. Greg Davis was the Chief Financial […]
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Nigeria-Based United Bank for Africa PLC Proposed Senior Unsecured Notes Assigned ‘B’ Rating
Culled—Proshare May 24, 2017/S&P Global Ratings S&P Global Ratings today assigned its ‘B’ long-term issue rating to the proposed senior unsecured notes issued by United Bank for Africa Plc (UBA; B/Stable/B). We rate these proposed notes in line with our counterparty credit ratings on UBA. UBA operates in the top […]
UACN Offers Explanation on Proposed N15.4 Billion Fresh Capital via Rights Issue
24/5/2017/NSE The Notice of the 2017 Annual General Meeting of UAC of Nigeria PLC includes the Directors’ proposal for Shareholders to approve a Rights Issue of N15 4 billion. BACKGROUND A capital raising proposal of N20 billion consisting of N15 billion Private Placement and N5 billion Rights Issue was considered […]
