Investors appetite for Zenith Bank Plc’s issued five-year senior unsecured benchmark bond (144A/REGS) of $500 Million on the Irish Stock Exchange, has broken new ground with an oversubscription of more than 300%. The Issue is in addition to the existing $500 million which matures in April, 2019. Subscription to the Eurobond 2022 issue was $2.1
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While the general shareholders of the first batch of seven banks announcing results so far received a total dividend income of N162 billion, indicating a rise by 13 per cent against N143.3billion in 2015, directors of the banks numbering 78 recorded 20.5 per cent rise in their dividend income at N10.34 billion as against N8.58 […]
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Zenith Bank has cancelled its plans to raise N100 billion ($318 million) through the sales of bonds and shares, due to the country’s weak capital markets and the struggling economy. “The request for shareholders’ approval to raise fresh capital has been withdrawn,” said Michael Anyimah, Zenith’s head of investor relations. He added that the bank […]
Read More The shareholders of Zenith Bank Plc, on Wednesday, approved a final dividend payout of N55.573bn, bringing the total dividend for the year ended December 31, 2016 to N63.422bn. The approval was given at the Annual General Meeting of the bank held in Lagos. The shareholders commended the board, management and staff of the bank for […]
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Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm today, this is according to PREMIUM TIMES report. The consortium of some […]
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Heavy transactions in the shares of some banks and insurance companies, last week, lifted the volume of shares traded, as a turnover of 765.656 million shares worth N9.717 billion was recorded in 12,468 deals by investors on the floor of the Exchange, higher than a total of 1.073 billion shares units worth N8.608 billion that […]
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