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Sovereign Trust Insurance gets regulatory approval to raise N2.09b

Sovereign Trust Insurance gets regulatory approval to raise N2.09b

Authorities at the Nigerian Stock Exchange (NSE) have given the nod to Sovereign Trust Insurance Plc to proceed with its new capital raising exercise. Sovereign Trust Insurance is seeking to raise N2.09 billion from existing shareholders as the insurance company seeks to beef up its capital base to place it in better stead for large-ticket […] …

Sovereign Trust Insurance to raise N2.09b from shareholders

Sovereign Trust Insurance to raise N2.09b from shareholders

Sovereign Trust Insurance Plc has launched a process to raise N2.09 billion from existing shareholders as the insurance company seeks to beef up its capital base to position it in better stead for large-ticket transactions. A regulatory filing obtained yesterday by The Nation indicated that Sovereign Trust plans to raise N2.085 billion in new equity […] …

NSE fines seven banks for delayed financial results

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date. According to the listing rules provided by the stock exchange, The post NSE fines seven banks for delayed financial results appeared first on TheCable.

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