The plan by the Nigerian Stock Exchange (NSE) to introduce securities lending to the nation’s capital market was hailed by stakeholders in the capital market. But the Exchange appears to have abandoned the initiative following market recovery, writes Eromosele Abiodun Following the global financial crisis that led to stock market […]
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Etisalat Nigeria Signs $1.2 Billion Loan for Network Expansion
Emirates Telecommunications Corp. (ETISALAT), the largest publicly traded company in the United Arab Emirates (ADSMI), said its Nigerian unit secured a $1.2 billion loan to refinance existing debt and grow its network. “The company plans to use the proceeds to refinance the existing commercial medium term debt of $650 million […]
Transcorp of Nigeria Falls Most in a Month as Profit Slumps
Transnational Corp. of Nigeria Plc, which invests in hotels, agriculture and energy, fell the most in more than a month after profit for 2012 retreated 58 percent. The stock declined for a second day, losing 7 percent to 1.20 naira by 2:20 p.m. in Lagos, Nigeria’s commercial capital, the biggest […]
