Browsing: Nigeria Stock Exchange

The News Agency of Nigeria reports that the seven-year bond issued at coupon rate of 14.50 per cent on June 13, 2019 would mature on June 13, 2026.

A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. 

Chidi Okezie, the bank’s Company Secretary, in a notification to the exchange, said Stanbic Africa Holdings (a subsidiary of Standard Bank Group and parent company of Stanbic IBTC Holdings) recently acquired the 1.14 billion shares.

Mutallab, who disclosed this at the bank’s Annual General Meeting in Abuja on Friday, said the bank’s gross income from financing also increased from N5.29 billion in 2016 to N6.24 billion in 2017.