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Companies
GCR Ratings has affirmed HBM Nigeria Plc’s national scale long-term and short-term issuer ratings of AA+(NG) and A1+
Seplat Energy Plc has gained about 57% or N2 trillion, a rare move for an energy-linked stock, based on its historical trading data on the Nigerian Exchange platform.
IHS Towers shareholders have agreed to sell 75% interest to MTN Group at $8.50 per share, according to an official statement, a deal planned to be executed in cash.
MTN Group’s acquisition of IHS Holding will elevate the telecom company’s leverage positions and increase its exposure to Nigeria, Moody’s Rating said in a commentary note.
Nigeria’s biggest financial institution by total assets, Access Holdings Plc (Ticker: ACCESSCORP) gained about 9% in the equities market as investors’ sentiment improved ahead of the group’s earnings release.
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank,
The United Bank for Africa (UBA) Plc gained more than 9% in the Nigerian stock market as investors stepped up bargain hunting ahead of earnings releases.