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Entry Financial institution completes acquisition of Kenyan financial institution

Access Bank

By Taofik Salako, Deputy Group Enterprise Editor   Entry Financial institution Plc has  accomplished its acquisition of Transnational Financial institution Plc of Kenya (TNB). In an announcement yesterday, its Firm Secretary, Sunday Ekwochi mentioned Entry Financial institution had acquired regulatory approvals for the completion of the transaction. “Entry Financial institution Plc is happy to tell the investing public and the Nigerian …

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Chams’ shareholders okay recapitalisation plan

Chams’ shareholders okay recapitalisation plan - Chams’ shareholders okay recapitalisation plan

 Taofik Salako, Deputy Group Enterprise Editor   SHAREHOLDERS of Chams Plc yesterday endorsed the corporate’s plan to lift new fairness funds and deleverage its stability sheet by debt-to-equity conversion because the clever enterprise options firm begins implementation of its medium-term strategic plan. Chams plans to lift N500 million by a rights concern to current shareholders whereas additionally executing debt-equity conversion …

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Transcorp Lodges seeks nod for N10b rights difficulty

Transcorp Hotels seeks nod for N10b rights issue - Transcorp Lodges seeks nod for N10b rights difficulty

By Taofik Salako, Deputy Group Enterprise Editor Transcorp Lodges Plc has submitted utility to authorities on the Nigerian Inventory Alternate (NSE) for the approval of the lodge and tourism firm’s new capital elevating. A regulatory submitting obtained  by The Nation indicated that Transcorp Lodges is in search of approval to lift N10 billion in new fairness funds from present shareholders. …

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Equities rebound with N8b achieve

Nigerian Equities

By Taofik Salako, Deputy Group Enterprise Editor Nigerian equities on Wednesday recorded  their first optimistic closing this week as bargain-hunting for large-cap shares lifted the market to a marginal internet capital achieve of N8 billion. The All Share Index (ASI)- the widespread value-based index that tracks share costs on the Nigerian Inventory Trade (NSE), inched up by 15.67 factors or …

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E-payments worth drops by N96b

E payments value drops by N96b - E-payments worth drops by N96b

By Taofik Salako, Deputy Group Enterprise Editor The Central Financial institution of Nigeria (CBN) has stated the entire quantity of funds throughout cost channels fell by 26 per cent in April in comparison with the previous month. The Federal Authorities imposed a lockdown on financial actions in Lagos and Ogun states and Abuja between March and April. The info accessible …

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Equities open with N56b loss

Equities open with N56b loss - Equities open with N56b loss

By Taofik Salako, Deputy Group Enterprise Editor Nigerian equities reopened on Monday with appreciable promote strain on main shares in the principle sectors of banking, oil and gasoline and telecommunications, pushing the general market place to a web lack of N56 billion. Common return yesterday on the Nigerian Inventory Change (NSE) stood at -0.44 per cent, largely because of losses …

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Fairness buyers rake N1.66tr features in Q2

Nigerian equity

By Taofik Salako, Deputy Group Enterprise Editor Nigerian equities witnessed a significant restoration within the second quarter with optimistic common return of 14.12 per cent throughout the three-month interval, representing internet capital features of N1.656 trillion. The second quarter efficiency was, nonetheless, overshadowed by internet lack of N2.68 trillion within the first quarter, leaving buyers with internet lack of N1.14 …

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SEC strikes to guard buyers from bogus offers- The Nation Nigeria

SEC moves to protect investors from bogus offers

By Taofik Salako, Deputy Group Enterprise Editor   Nigeria’s apex capital market regulator, Securities and Alternate Fee (SEC) has launched a serious modification to disclosures and knowledge to be included in a prospectus for any public providing as a part of efforts to additional safeguard the investing public from false claims and bogus choices. With the brand new modification, firms …

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CWG plans 50-year sustainable technique

Phillip Obioha

By Taofik Salako, Deputy Group Enterprise Editor   CWG Plc is engaged on a significant long-term progress and improvement plan that may see the system integration firm persevering with as a number one operator over the subsequent 5 a long time. On the Annual Basic Assembly held by digital attendance by means of proxies, the corporate reviewed enhancements in its …

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Stockbrokers urge govt to make use of capital marketplace for extra infrastructural

Nigerian Stock Exchange (NSE)

By Taofik Salako, Deputy Group Enterprise Editor   Stockbrokers on the Nigerian Inventory Trade (NSE) have advocated extra issuance of fastened revenue securities by the federal government to finance infrastructure deficit,  describing the latest over-subscription of Sukuk Ijarah issued by the Federal Authorities as a transparent demonstration of the market’s absorptive capability. Lately, the Federal Authorities floated a N150 billion …

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