Markets
Enough pain for bank stocks?
Markets do not like rights issues, as shareholders suspect dilution to the value of their shareholdings. Since the publication of…
AVCA rallies for investment uptick to unlock $2.3trn of domestic capital in Africa
Business a.m. The African Private Capital Association (AVCA) has issued a call to action, urging for heightened investment efforts to…
Ecobank repays $500m Eurobond, boosting confidence in Africa’s banking sector
Business a.m. Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has successfully repaid its $500 million 5-year…
Good news for naira as Goldman Sachs projects sub-N1000/$1 rate
Business a.m. Goldman Sachs, the prominent international investment bank, recently announced that the Nigerian naira is, indeed, the top-performing currency…
ABCON welcomes CBN move against domiciliary account collateral for naira loans
Business a.m. The recent move by the Central Bank of Nigeria (CBN) to ban the use of non-export domiciliary accounts…
Nigerian Breweries eyes N600bn rights issue to boost capital
Joy Agwunobi Nigerian Breweries Plc, one of the leading companies in the Nigerian brewing industry, is planning to raise up…
