May 24, 2017/CBN Background The Monetary Policy Committee (MPC) met on the 22nd and 23rd of May, 2017, against the backdrop of slowly improving global growth prospects even as international cooperation continues to be threatened by anti-globalization sentiments in major advanced economies. On the domestic front, the economy has shown […]
Updates
Nigeria-Based United Bank for Africa PLC Proposed Senior Unsecured Notes Assigned ‘B’ Rating
Culled—Proshare May 24, 2017/S&P Global Ratings S&P Global Ratings today assigned its ‘B’ long-term issue rating to the proposed senior unsecured notes issued by United Bank for Africa Plc (UBA; B/Stable/B). We rate these proposed notes in line with our counterparty credit ratings on UBA. UBA operates in the top […]
UACN Offers Explanation on Proposed N15.4 Billion Fresh Capital via Rights Issue
24/5/2017/NSE The Notice of the 2017 Annual General Meeting of UAC of Nigeria PLC includes the Directors’ proposal for Shareholders to approve a Rights Issue of N15 4 billion. BACKGROUND A capital raising proposal of N20 billion consisting of N15 billion Private Placement and N5 billion Rights Issue was considered […]
