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Date: = 09/10/2007 || 7UP = 44.81 || ABCTRANS = 2.89 || ACADEMY = 5.5 || ACCESS = 21.5 || ADSWITCH = 3.46 || AFPRINT = 2.75 || AFRIBANK = 30.49 || AFROIL = 5.76 || AFRPAINTS = 1.01 || AGLEVENT = 3.13 || AIICO = 3.22 || AIRSERVICE = 18.5 || ALEX = 2.56 || ALUMACO = 2.65 || AP = 79.8 || ARBICO = 2.5 || ASHAKACEM = 50.5 || AVONCROWN = 4.23 || BAICO = 2.42 || BCC = 43.5 || BCN = 0.9 || BERGER = 7.02 || BETAGLAS = 16.5 || BOCGAS = 7.91 || CADBURY = 32.7 || CAP = 43.35 || CAPALBETO = 37.27 || CAPOIL = 0.81 || CCNN = 17.5 || CHELLARAM = 4.35 || CHEVRON = 145 || CILEASING = 5 || CONOIL = 53 || CONTINSURE = 3.04 || CORNERST = 3.52 || COSTAIN = 20 || CRUSADER = 4.28 || CUSTODYINS = 3.16 || CUTIX = 21 || DANGSUGAR = 35.5 || DIAMONDBNK = 17.15 || DNMEYER = 8.7 || DUNLOP = 2.99 || ECOBANK = 8.88 || EKOCORP = 7.49 || ELLAHLAKES = 2.92 || EPICDYNAM = 0.38 || EQUITYASUR = 1.79 || ETERNAOIL = 17 || ETI = 173.25 || EVANSMED = 7.25 || FCMB = 17.45 || FIDELITYBK = 11.99 || FIRSTALUM = 2.02 || FIRSTBANK = 40.5 || FIRSTINLND = 10.6 || FLOURMILL = 77.99 || FOOTWEAR = 2.26 || GLAXOSMITH = 17.11 || GNI = 3.8 || GUARANTY = 29 || GUINEAINS = 1.94 || GUINNESS = 126 || IBTC = 14.3 || IKEJAHOTEL = 7.14 || INTENEGINS = 2.44 || INTERCONT = 26 || INTERLINK = 1.8 || IPWA = 3.4 || JAPAULOIL = 6.02 || JBERGER = 57.29 || JOHNHOLT = 3.8 || JULI = 0.68 || LASACO = 2.89 || LAWUNION = 3.17 || LINKASSURE = 2.55 || LIVESTOCK = 2.99 || LONGMAN = 13 || MAYBAKER = 10.89 || MBENEFIT = 3.1 || MOBIL = 158.98 || NAHCO = 22.81 || NAMPAK = 8.37 || NASCON = 16.9 || NB = 43.6 || NBC = 54.5 || NCR = 4.2 || NEIMETH = 3.67 || NEM = 2.84 || NESTLE = 210 || NIG-GERMAN = 16.7 || NIGERINS = 4 || NIWICABLE = 3.3 || OANDO = 76.5 || OASISINS = 2.02 || OCEANIC = 33 || OKITIPUPA = 1.95 || OKOMUOIL = 27 || PHARMDEKO = 5.15 || PLATINUM = 30.27 || PREMPAINTS = 1.11 || PRESCO = 9.5 || PRESTIGE = 6.3 || PZ = 23 || RAKUNITY = 0.31 || ROYALEX = 3.89 || RTBRISCOE = 27.99 || SCOA = 2.59 || SKYEBANK = 14.6 || SOVRENINS = 3 || STACO = 2.57 || STDINSURE = 3.87 || STERLNBANK = 7.55 || THOMASWY = 3.6 || TOTAL = 153 || TOURIST = 2.81 || TRANSCORP = 4 || TRANSEXPR = 0.78 || TRIPPLEG = 5.2 || UAC-PROP = 22 || UACN = 38.63 || UBA = 53.08 || UBN = 42.91 || UNHOMES = 6 || UNIC = 3.15 || UNILEVER = 17.01 || UNIONDICON = 8.56 || UNITYBNK = 5.8 || UNTL = 2.8 ||

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Fri, 10 May 2024

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MTN appoints Chapel Hill Denham to handle $5.23b listing in Nigeria

By Emmanuel Elebeke with agency report

ABUJA – South African Telecoms giant, MTN has appointed Nigerian Investment firm Chapel Hill Denham as lead issuing House for the initial Public offering of its Nigerian Business later this year.
Among the banks and Brokers appointed by MTN include: Renaissance Capital , Rand Merchant Bank and Nigerian firm Chapel Hill Denham to work with Global co-ordinators Citigroup and Standard Bank .
The Company had earlier met with its Bankers on Wednesday and held a presentation about MTN Nigeria for foreign and Local analysts on Friday in Lagos . According to a report, MTN is yet to decide what portion of the subsidiary to sell, as it aim to raise about $400m, or roughly 10% of the Stock . Recall that the Company had in June 2016 agreed to the listing as part of a $1bn Fine for missing a deadline to disconnect unregistered subscribers amid a Security crackdown by Nigerian authorities. The Fine was originally set at N1.4trillion which led to the resignation of MTN’s then CEO, the First full-year loss and a slump in the share Price that has yet to be clawed back. MTN Rose 0.4% to R118.16 by 4.26pm in Johannesburg, reducing its lo... Full Article

INTERCONTINENTAL BANK GETS HIGHEST GLOBAL RATING IN NIGERIA, by THISDAY

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Over 1,000 firms bid for 2017 railway projects

Over 1000 Companies expressed interest in 17 categories of projects for the 2017 Capital projects of the Nigerian Railway Corporation (NRC).

The Managing Director of the NRC, Engr. Fidet Okhiria disclosed this on Tuesday while declaring open the process for the opening of bids for the projects.

The formal opening of bids held at the Corporate ... Full Article

FG Approves Income Tax Reduction (PUNCH)

The Federal Government in a move to encourage the payment of income taxes and encourage Investment , has approved a reduction in the rates applicable for payment of Company , as well as Personal Income taxes.

The approval followed a recommendation, which was submitted by the Minister of Finance , Dr. Mansur Muhtar, to the Federal Executive council . In the National Tax policy obtained ... Full Article

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