Updates

SEC Unveils Requirement for Additional Information on all Prospectuses Issued to the Public

June 22, 2020/SEC Nigeria This is to inform all stakeholders that as part of efforts to ensure investor protection and promote transparency in the operations of the Nigerian Capital Market, the Commission has introduced a new requirement for inclusion in all prospectuses or offer documents issued to the general public. […]

Another Decline in the FAAC Payout; Amount to N547bn in June 2020

Culled—-Proshare June 22, 2020 by FBNQuest Research                                                         The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government amounted to N547bn (US$1.42bn) in June (from May revenue). This was a decline of N59bn on the previous month’s payment. From the sparse coverage in […]

S&P Global affirms African Development Bank’s AAA rating, with stable outlook

The rating agency’s report further noted that the AfDB will play a key role supporting the region, particularly in the context of COVID-19 June 22, 2020/AfDB Ratings agency S&P Global on Friday affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) (www.AfDB.org) with a […]