March 3, 2023/InvestmentOne Report The Nigerian bourse closed with a negative performance of 0.25% as the NGX-ASI settled at 55,529.21pts. In today’s trade, market breadth index was marginally positive with 17 gainers against 16 losers. SEPLAT (-9.43%) led the losers, while ACADEMY (+9.48%) was the top gainer today. CHAMS (-3.85%) was the […]
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WEMABANK Issues N25Bn 16% Perpetual Fixed Rate Non-Resettable Additional Tier 1 Subordinated Bonds
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 […]
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 […]
