Category: Capital Market

Access Bank Plc, Zenith Bank Plc and TransCorps accounts for N10.324bn

The management of the Nigerian Stock Exchange (NSE) through its trading floor recorded top three equities namely – Access Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 918.046 million shares worth N10.324 billion in 5,809 deals, contributing 33.53% and 32.22% to the total equity turnover volume…

FBN Holdings has unveiled key growth strategies aimed at boosting the company’s revenue and shareholders’ value from 2017 financial year, going forward.   The Group Managing Director, FBN Holdings, Urum Kalu Eke, said that the company was targeting a single digit Non-Performing Loan (NPL), cost of risk less than two per cent, cost to income…

UBA’S DEBUT $500M EUROBOND OVERSUBSCRIBED By 240%

……. FURTHER VALIDATION OF UBA’S PAN-AFRICAN GROWTH STRATEGY The Group Managing Director/CEO of UBA Plc, Kennedy Uzoka Advertisement  United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering…