October 12, 2016/InvestmentOne Research Following two consecutive sessions of gains, the equities market declined today, falling -0.03% to 28,027.23pts. The negative close was largely driven by the declines in NESTLE (-45pts), WAPCO (-19pts) and DANGSUGAR (-7pts). These performances offset the gains in GUINNESS (+17pts) and Banking names; UBA (+14pts) and […]
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Access Bank Plans to Sell 19% Stake in Ghana Unit in IPO
Culled—Proshare October 12, 2016/Editor at Capital Markets in Africa/ Bloomberg Access Bank Plc, a Nigerian lender, plans to sell a stake of about 19 percent in its Ghana unit in an initial public offering that will begin before the end of the year. The lender is seeking to raise at […]
Sterling Bank launches indirect bid to raise N8b capital
October 12, 2016/The Nation •Lender eyes N65b in serial bond issuance Sterling Bank Plc has secured regulatory approval to raise about N8 billion in new capital as a first step in a large new capital issuance through which the bank seeks to raise a total of N65 billion. A regulatory […]
