March 3, 2023/NGX The Bank is proposing the issuance of Perpetual Fixed Rate Non-Resettable Additional Tier 1 Subordinated Bonds (hereinafter referred to as “the bonds”) with loss absorption features totaling about N25 billion to targeted investors. The Bonds are being issued privately to targeted investors and will not be listed […]
Investors Bite
CBN Grants Approval-in-Principle for ZENITHBANK to Operate a Financial HoldCo Structure
March 3, 2023/NGX This is to inform the general public that the CBN has granted Approval-In-Principle for Zenith Bank Plc to operate a non-operating Financial Holding Company structure. Furthermore, the CBN approved Mr. Jim Ovia as the Chairman of Zenith Holdco Plc (in-formation) and for Mr. Jim Ovia to also […]
Nigerian Stocks Higher +0.3% Buoyed by GEREGU, AIRTELAFRI
March 2, 2023/Cordros Report EQUITIES The Nigerian stock market ended the day higher following renewed interest in GEREGU (+9.0%) and AIRTELAFRI (+0.9%). Thus, the All-Share Index advanced by 0.3% to close at 55,670.24 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -0.2% and +8.6%, respectively. The total […]
