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Access Bank Plc, a subsidiary of Access Holdings Plc, has announced that it has signed a binding agreement with Kenyan-based KCB Group Plc (KCB) to purchase all of the issued shares of National Bank o...
Last month, the major shareholder of PZ Cussons Holdings announced plans to buy out other shareholders, but this was pending regulatory approvals. On Tuesday this week, the Securities and Exchange Com...
A distressed asset is one which is in major financial difficulty, usually either in default or close to default. This will have caused the asset to greatly devalue. Distressed assets can be a good opp...
The Efficient Market Hypothesis is a theory that states that the global markets are always 100% efficient, i.e. that all prices are 100% accurate and that there is never any inefficiency. This means t...
A Eurobond has two different meanings:An international bond that is denominated in a currency other than that of the country in which it was issued:These can be traded on the global marketsNamed after...
Execution is the term used for when any trade has been fully completed. If the order is going through a broker, the broker has the ability to determine (but also the legal obligation to obtain) the be...
In a recent circular, the Central Bank of Nigeria disclosed that Bureau De Change operators (BDCs) had been assigned $10,000 at N1,251/$1.According to the circular released on Monday, the apex bank st...
Local stocks at the Nigerian Stock Exchange started the week negatively after equities in Dangote Sugar Refinery Plc and 29 others dropped N239 billion in market capitalisation.The NGX All-Share Index...
Yesterday, at its 11th Annual General Meeting (AGM), the shareholders of Africa Prudential Plc approved the board of directors' payout of N0.45 per ordinary share of 50 kobo each for the 2023 fiscal y...
It has been reported that the Central Bank of Nigeria (CBN) and other financial institutions have made $2.5 billion available in the foreign exchange market over the past two weeks, which has caused t...