Africa Prudential Registrars Plc on Wednesday announced that it had purchased UAC Registrars Limited, a non-bank affiliated registrar in the capital market. Until the purchase, UAC Registrars was a wholly-owned subsidiary of UAC of Nigeria Plc. APR, one of the most prominent players in the Nigerian share registration industry, stated […]
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Major losses drag NSE index down by 1.2%
Losses recorded by 32 stocks on Wednesday dragged major Nigerian Stock Exchange indices down for the third straight session this week. The NSE’s All-Share Index fell by 1.29 per cent or 485.93 basis points from 37,589.60 points on Tuesday to 37,103.67 points. Similarly, the market capitalisation of the listed equities […]
SEC Out with New Rule to Boost Fixed Income Market
As part of efforts to deepen the capital market and make fixed income securities issuing process faster, the Securities and Exchange Commission (SEC) has introduced a new rule that will facilitate price discovery and marketing ahead of the opening of offers. SEC had in 2009 introduced Book Building process, which […]
