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CATEGORY

Investing

MTN Nigeria IPO Buyers Earned 9.9% Dollar Returns a Year Despite Naira Slide

Investors who bought MTN Nigeria shares in its December 2021 public offer and reinvested their dividends earned an annualized inflation-adjusted US dollar return of...

Ellah Lakes Posts N1.12bn Loss, Faces Short-term Liquidity Crises as Investors Lose Confidence

Nigerian agribusiness producer Ellah Lakes Plc is facing deteriorating short-term liquidity crises as the company continues a run of recurring operating losses. The company posted...

OPay Halts US IPO to Respond to Regulatory Inquiry

OPay Ltd., a Nigeria-focused payments platform, halted an initial public offering (IPO) on the New York Stock Exchange that was supposed to start trading...

Dangote Refinery IPO Investors Face Three-Week Wait for Allotment Results

Investors in Dangote Petroleum Refinery and Petrochemicals FZE's initial public offering face a wait of at least three weeks to learn how many shares...

Dangote Refinery IPO Draws N6.4 trillion of Demand – Reuters

Nigeria's $1.6 billion Dangote refinery initial public offering has drawn about three times the total targeted orders, Reuters reported, underscoring strong demand for what...

Dangote Refinery Makes History as IPO Attracts Investors from 120 Countries, All 54 African Nations

Dangote Petroleum Refinery and Petrochemicals has successfully concluded its landmark Initial Public Offering (IPO), attracting investor applications from 120 countries across all six inhabited...

Dangote Refinery IPO Closes With Record $1.6bn Funded Demand From Domestic and Retail Investors

The Dangote Refinery initial public offering (IPO), Africa’s biggest, has already secured enough commitments from Nigerian and retail investors to meet its fundraising target,...

AXA Mansard May Offer Untaken Rights Shares To Investors

AXA Mansard Insurance Plc plans to open shares left untaken by existing shareholders under its proposed N18.3bn rights issue to other interested investors, creating...

Opay Seeks to Raise up to $336 Million in US IPO

Opay Ltd., a Nigeria-focused payments platform, is seeking to raise up to $336 million in an initial public offering (IPO). The company plans to market...

Meristem’s New One Meristem App Launches Without Redemptions After Month-Long Outage

Meristem Securities Ltd. has launched the One Meristem app, which merges its Meritrade stock-trading app and its WealthBuddy wealth-management app. The new app arrived after...

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