Zenith Bank Plc announced the results of its invitation to purchase any and all notes for cash

  By Financescape   Further to its announcement on 4 September 2019 and the Expiration Deadline at 5:00 pm (London time) on I1 September 2019, Zenith Bank plc announced the results of its invitation to holders of the 7.375% Notes due 2022 (Regulation S: Common Code: 161983977, ISIN: .361619839779; Rule 144A: Common Code:161984078, ISIN: US98935LAB36, […]

Shareholder of Defunct Afribank Plc can claim their Unclaimed Dividends

  By Hamisu B.S.   Shareholders of defunct Afribank Plc can claim their unclaimed dividend, In a statement published on its website, the Securities and Exchange Commission informed shareholders of the defunct Afribank Plc that unclaimed dividends by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore […]

CBN ISSUE GUIDELINE FOR ESTABLISHMENT AND OPERATION OF SUBSIDIARIES AND SPECIAL PURPOSE VEHICLES BY DFIs IN NIGERIA

  By Hamisu B.S.     The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]