Page 2 - Leasing Plc News Today

Goddy Egene Nigerian companies have raised over N800 billion bonds from the capital market in the first half of 2021 (H1) just as predicted by Norrenberger in its 2021 Economic Outlook Report. Norrenberger, a financial services group, had predicted in its 2021 economic outlook report published in December 202o that yields on fixed income instruments would remain low and thus was expected to result in many corporate borrowers to see bonds as a suitable source of capital to cover their increasing...

Punch Newspapers Sections Published 23 June 2021 The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements after the regulatory due date include Japaul Gold and Ventures Plc, Conoil Plc, Meyer Plc, Corner...

Goddy Egene Equities investors have an opportunity to enter the market at good valuation as bears depressed prices further last week. The market, which had gained N148 billion the previous week, shed N603 billion last week following sell pressure that dominated all trading sessions. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell 2.93 per cent to close at 38,324.07, while market closed lower at N19.975 trillion. Year-to-date the market has declined by 4.8 per cent. Following the ...

Punch Newspapers Sections Johnson Okafor Equity trading on the floor of the Nigerian Stock Exchange on Monday closed on the positive note with a gain of N46bn as the bulls regained grip on trading activities. The market performance indices, NSE ASI, appreciated by 0.21 per cent with market breathe, however, closing negative with 19 gainers against 30 losers. Consequently, the All-Share Index grew by 86.97 basis points or 0.21 per cent from 41,001.99 index points last Friday to 41,088.96 while t...

Lagos, Jan. 6, 2021 C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, gave the assurance at a virtual meeting on the loan stock acquisition by Peace Mass Transit Ltd. Otike-Odibi said that the impact of the acquisition would be positive for all the company’s stakeholders...

Goddy Egene C&I Leasing Plc yesterday announced the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C by Peace Mass Transit Limited. This was disclosed by the company in a statement signed by the Company Secretary, Mbanugo Udenze & Co, a copy of which was posted on the Nigerian Stock Exchange website. “C&I Leasing Plc notifies the Exchange and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured va...

Vanguard News Acquisition: C & I Leasing assures minority shareholders of value enhancement On Kindly Share This Story: C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, gave the assurance at a virtual meeting on the loan stock acquisition by Peace Mass Transit Ltd. Otike-...

Peace Mass Transit acquires 55.82% ordinary shares of C&I Leasing Plc On Kindly Share This Story: C&I Leasing Plc has announced that Peace Mass Transit has purchased 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each or its US$ equivalent in C&I Leasing Plc. This was disclosed by the company in a statement issued and signed by the Company Secretary, Mbanugo Udenze ...

Goddy Egene The Chairman and Managing Director/Chief Executive Officer, Peace Mass Transit Limited, Dr. Sam Maduka Onyishi, has assured shareholders and other stakeholders of C & I Leasing Plc that the buying into the company by Peace Mass Transit would lead to better return on investments. Actis LLP (Actis), a private equity investment firm, which invested in C & I Leasing Plc in 2010, has successfully exited its stake in through a trade sale of its loan stock with all the rights to Peace Mass...

Punch Newspapers Sections Johnson Okafor Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated by 1.03 per cent with market breathe closing positive with 23 gainers against 19 losers. Consequently, the All-Share Index gained 402.14 basis points or 1.03 per cent to close at 39,512.31 as against 39,110.17 recorded the previ...