Daily Archives: Feb 1, 2011

Ten stockbroking firms out of the suspended 65 at the Nigerian Stock Exchange (NSE) have met the N70 million minimum capital base requirements stipulated by the Securities and Exchange Commission (SEC), the market regulator. While 61 of the suspended dealing member firms were suspended for inadequate shareholders fund in their 2009 audited accounts, five others were sanctioned for inadequate shareholders…

Nigeria’s $500 million debut Eurobond was yesterday admitted to trading at the London Stock Exchange’s (LSE) Main Market. The bond, which was 2.5 times subscribed, netting $1.25 billion, offers an annual interest rate of 6.75 per cent, and matures in January 2021. A statement by the LSE said the offering creates a benchmark US Dollar bond yield curve that should…