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initial public offering
The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.
US stock index futures hover around unchanged mark as early US presidential election results point to close race.
The administration of United States President Donald Trump has put on hold an effort to blacklist Ant Group Co Ltd, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top US government official, four people familiar with the matter said.
Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering (IPO) starting mid-April due to the spread of the coronavirus, a local newspaper on Sunday quoted the bank chairman as saying.
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.
From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.
Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.
Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.
Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.
Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
Uber has revealed that it’s seeking to generate between $9 billion and $10 billion at its upcoming initial public offering (IPO) through selling 207 million shares — 180 million of which are common stock. An updated SEC filing reveals that the ride-hailing giant is pursuing an IPO price range of between $44 and $50.
Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.
Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange.
Police and other security agencies have begun a joint “visibility patrol” on black spots and other flashpoints in the state ahead of Christmas and New Year.
The Chief Executive of Zinox Technologies, Dr Leo Stan Ekeh, has called for adequate funding for the National Space Research and Development Agency (NASRDA), calling it an asset that can enable the much needed socio-economic development that Nigeria seeks.
Zinedine Zidane had some of the pressure lifted on Saturday when an own goal from Sevilla goalkeeper Bono gave Real Madrid a 1-0 win away to Sevilla.
The military and police on Friday night foiled an attack by armed bandits in Kasuwan Magani community, in Kajuru Local Government Area of Kaduna State.
Following the confusion trailing the appeal court in Owerri validating All Progressives Congress (APC) candidate Frank Ibezim as the authentic candidate of the party for the Imo North senatorial bye-election against Senator Ifeanyi Araraume, Peoples Democratic Party (PDP) candidate Emma Okewulonu said he is contesting against two candidates.
A Mapo Customary Court in Ibadan on Friday dissolved a 12-year old marriage between Saheed Adewoyin and Mariam Adewoyin over incompatibility.
PSG star Neymar was very self-critical after the Parisian side's two-goal draw with Bordeaux and called for maximum concentration ahead of the vital Champions League match against Manchester United.
The Minister of Information and Culture, Alhaji Lai Mohammed, during a meeting with members of the Newspaper Proprietors’ Association of Nigeria (NPAN) on Thursday in Lagos said the calls amounted to playing dirty politics with the issue of security.
The Delta Police Command has confirmed the murder of an unidentified young man by gunmen in Udu Local Government Area of the state.
After guiding Chelsea to a fourth-place finish in the Premier League last season, Lampard is now working to make the club title contenders, having overseen a squad rebuild that cost around 220 million pounds in the summer transfer window.