The Nigerian Exchange Limited (NGX) ended the week on a strong note as renewed buying interest in ICT and banking stocks lifted the market by N2.44 trillion. The All-Share Index …
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Checkers Tops Media Sentiment Ranking Ahead of SA Retail Rivals
In the last three months, Checkers has emerged as the South African retailer with the most positive media coverage, beating major competitors such as Spar, Pick n Pay, and Woolworths. …
The Nigerian Exchange Limited has taken another step to expand Nigeria’s capital market by introducing Commercial Paper listings, a move expected to deepen the country’s short-term debt segment and provide …
- BankingCapital MarketsCorporate ServicesDebt Management,FinanceINVESTMENT
Ecobank Nigeria Launches $300 Million Tender Offer for Senior Notes
Ecobank Nigeria Limited has announced the launch of a tender offer for its outstanding U.S.$300 million, 7.125 per cent Senior Note Participation Notes due 2026, in a move aimed at …
- BusinessCapital MarketEconomyInfrastructureNigeriaTechnologyTelecommunications
Legend Internet Plc Records 119.7% Oversubscription
Legend Internet Plc has achieved a major milestone after recording a 119.7 per cent oversubscription in its Series 1 Commercial Paper (CP) issuance, signalling strong investor confidence in the company’s …
- BusinessCapital MarketEconomyFinanceINVESTMENTNewsNigeria
Nigerian Equities Market Loses N444bn as Selloffs Hit Major Stocks
Nigeria’s equities market closed lower on Wednesday after a fresh wave of selloffs dragged several key stocks into negative territory, ending the market’s bullish momentum. The downturn wiped off about …
- EconomyEnergyEnvironmentGovernanceNewsNigeriaOil & Gas
IEA hails Nigeria’s upstream reforms as NUPRC says PIA boosts transparency
The International Energy Agency (IEA) has applauded the reforms taking place in Nigeria’s upstream petroleum sector, following detailed explanations from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on how the …
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Lagos State’s Latest Bond Issuance Records 70% Oversubscription
Lagos State has continued to strengthen its position in Nigeria’s capital market as the government’s latest bond issuance received overwhelming support from investors. The Lagos State Commissioner for Finance, Abayomi …
- BusinessCentral BankingEconomyFinanceINVESTMENTNewsNigeria
S&P Upgrade Boosts Confidence in Nigeria’s FX Reforms and Economic Outlook
Nigeria’s recent upgrade by S&P Global Ratings to a “positive” outlook has strengthened confidence in the Central Bank of Nigeria’s (CBN) ongoing currency reforms and economic policies. Analysts say the …
- BusinessCapital MarketsFinancial RegulationProfessional DevelopmentUGANDA
CMA Uganda, CISI Partner to Boost Professional Standards in Capital Markets
The Chartered Institute for Securities & Investment (CISI) has continued to strengthen its global role as a professional body for experts working in securities, investment, wealth management, financial planning and …