November 23, 2016/Cowry Asset Research The overall equities market performance measures, NSE ASI and market capitalization, both rebounded by 21.9 bps. Elsewhere, NIBOR moved in mixed directions across the tenor buckets. NITTY increased across most of the tenor buckets amid sell pressure Click here for details
Investors Bite
Nigeria’s Skye Bank may sell subsidiaries to boost capital
22/11/2016/Reuters By Chijioke Ohuocha | LAGOS Nigeria’s Skye Bank may sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and boosting its capital adequacy, its chief financial officer said. The Nigerian central bank shored up Skye Bank in July with […]
Nigeria Union Bank to seek approval for 50 bln naira share sale
November 22, 2016/Reuters Nigeria’s Union Bank plans to seek shareholder approval next month to raise 50 billion naira ($158.7 million) through a share sale to existing investors, the bank said on Tuesday. In a notice to shareholders, the lender also said it will seek approval to increase its authorised share […]
