Connect with us

latest

United Capital Group Leads Historic Bond Issuance, Marking a New Era for Nigeria’s Capital Markets

Published

on

United Capital Group Leads Historic Bond Issuance, Marking a New Era for Nigeria’s Capital Markets....KINDLY READ THE FULL STORY HERE▶

Nigeria’s premier financial services institution, United Capital Group, has showcased its expertise by spearheading the issuance of the Federal Government’s Domestic US Dollar Bond. This groundbreaking transaction raised over $900 million with an impressive 180% subscription rate, marking Nigeria’s first-ever domestic USD-denominated bond.

The overwhelming demand for this bond underscores strong investor confidence in Nigeria’s economic stability and growth prospects. It also highlights United Capital’s capability to deliver innovative financial solutions in challenging markets. According to a statement released to PUNCH Online, the proceeds from this bond issuance are designated for crucial infrastructural development projects, promising a transformative impact on Nigeria’s economy.

Transforming Nigeria’s Economy

The success of this bond issuance reflects a growing appetite for domestic investment opportunities and affirms faith in Nigeria’s future as an emerging hub for economic growth. “By spearheading this landmark transaction, United Capital continues to solidify its position as a leader in Africa’s financial markets,” the Group stated. This initiative significantly contributes to the nation’s progress through strategic capital mobilization.

Dr. Gbadebo Adenrele, the Managing Director of Investment Banking at United Capital Group, remarked on the issuance’s success, saying, “This is a landmark moment for Nigeria’s capital market. As a pioneer in this class of transactions, United Capital has laid the foundation for more significant capital raises by the Nigerian Government, other African sovereigns, and major corporate issuers.” He emphasized that the success of the Domestic FGN US Dollar bond is a testament to investor confidence in Nigeria’s economic trajectory and United Capital’s innovative approach to finance.

A Major Milestone for Africa

The Group CEO of United Capital Group, Peter Ashade, highlighted the firm’s pivotal role in advancing Africa’s capital markets. He stated, “The successful issuance of Nigeria’s inaugural Domestic FGN US Dollar bond is a major milestone for both the country and United Capital. This transaction aligns perfectly with our vision of transforming the African financial landscape. By providing access to innovative investment opportunities, we are empowering investors and contributing to Nigeria’s economic growth.”

In addition to United Capital’s role as the Lead Issuing House and Coordinator for this domestic bond issuance, the Africa Finance Corporation acted as the Global Coordinator. Other key players in this transaction included Meristem Capital Limited, Stanbic IBTC Capital Limited, and Vetiva Advisory Services Limited, which served as Issuing Houses. Constant Capital Markets & Securities Limited and Iron Global Markets Limited acted as Financial Advisers, while Olaniwun Ajayi LP and G. Elias served as Solicitors. Greenwich Trustees Limited acted as a Trustee.

Reinforcing Leadership in Capital Markets

United Capital Group’s significant role in this landmark transaction reinforces its capacity to lead and manage substantial capital market activities. Recent accomplishments, such as the listing by introduction of Transcorp Power Plc on the Nigerian Exchange Limited and the issuance of Sierra Leone’s first local currency corporate bond, further enhance its reputation as a leader in Africa’s financial landscape.

latest

Work in Progress: Maresca Admits Champions League Giants Still Have Massive Gaps Despite Opening Day Thriller!.

Published

on

Manchester City boss Enzo Maresca has acknowledged that his squad remains a work in progress despite kicking off their Premier League campaign with a hard-fought 2-1 comeback victory over Bournemouth.....KINDLY READ THE FULL STORY HERE▶

Late strikes from Marc Guéhi and Joško Gvardiol turned the match around at the Etihad Stadium after Bournemouth applied steady pressure. Although the result brought home three points, Maresca stressed that the performance did not alter his overall perspective following their earlier Community Shield setback against Arsenal, noting that the team is still actively seeking the right tactical combinations.

“To be honest, I feel in the same position we were after Arsenal,” Maresca noted, explaining that testing new setups—such as utilizing centre-back Guéhi in midfield—is part of finding necessary solutions.

The manager also pointed out a significant physical disparity within his squad, mentioning that several core players only returned to training roughly ten days prior to the fixture, leaving them behind opponents who had a full pre-season.

Premier League Matchday 1 Results

  • Arsenal 3-0 Coventry City

  • Hull City 2-0 Manchester United

  • Ipswich Town 2-1 Sunderland

  • Everton 2-0 Crystal Palace

  • Nottingham Forest 0-1 Leeds United

  • Brentford 3-0 Tottenham Hotspur

  • Manchester City 2-1 Bournemouth

  • Brighton & Hove Albion 4-0 Aston Villa

  • Newcastle United 2-2 Liverpool

Pending fixture: Fulham vs Chelsea

Continue Reading

latest

The Phantom Bureau: How A Fake Federal Agency Coaxed Governors Into Handing Over Land And Cash

Published

on

The Independent Corrupt Practices and Related Offences Commission (ICPC) recently uncovered a fraudulent organization posing as a federal government body without presidential backing, prompting President Bola Ahmed Tinubu to order the suspension of three high-ranking officials connected to the scheme and the arrest of its coordinator.....KINDLY READ THE FULL STORY HERE▶

The entity, operating under the banner of the National Brands Development and Made in Nigeria Special Project Office, falsely claimed affiliation with the Office of the Secretary to the Government of the Federation (OSGF) to solicit financial support, land allocations, and institutional collaboration from multiple state governors.

According to details revealed by ICPC Chairman Musa Aliyu following a briefing with the President, the group utilized official-looking documents bearing presidency insignia—including appointment letters and formal correspondence—to approach state administrations between January and February. Headed by its promoter, Nwabueze George, the rogue organization targeted several state executives:

  • Lagos State: Sent a “Third Reminder” letter addressed to Governor Babajide Sanwo-Olu to request the nomination of a state coordinator under the guise of boosting local production and small businesses.

  • Edo State: Requested authorization and payment fees amounting to thousands of dollars per participant for an upcoming international engagement in Bahrain, directing funds into designated commercial bank accounts.

  • Nasarawa State: Sought backing to host a national stakeholders’ meeting in Lafia aimed at formally launching its nationwide executive structure.

  • Ondo State: Reached out to Governor Lucky Aiyedatiwa to demand physical land allocations for a proposed “Made in Nigeria Product Market” hub.

  • Imo State: Invited Governor Hope Uzodimma as a special guest while concurrently requesting financial contributions to cover logistics, accommodation, and conference expenses.

  • Sokoto State: Approached Governor Ahmad Aliyu to secure state participation in upcoming trade and agricultural exhibitions across Bahrain and Azerbaijan under the pretense of boosting non-oil exports.

Continue Reading

latest

President Tinubu Renews Appointments In NTA, NAN

Published

on

President Bola Tinubu has approved the renewal of Abdulhamid Salihu Dembos’s tenure as the Director-General of the National Television Authority (NTA). Additionally, the President extended the appointment of Ali Mohammed Ali as the Managing Director of the News Agency of Nigeria (NAN).....KINDLY READ THE FULL STORY HERE▶

Both leadership extensions span an additional three-year term, with their new tenure officially commencing on October 20, 2026.

  • Abdulhamid Salihu Dembos: Hailing from Yola, Adamawa State, Dembos is a former National President of the Radio, Television, Theatre and Art Workers Union (RATTAWU). Having joined the NTA as an announcer in Kaduna following his national service in 1989, he advanced through various leadership roles—including General Manager in Lokoja and Kano—before retiring as acting Zonal Director for the NTA Kaduna Network Centre in 2017, prior to his initial appointment.

  • Ali Mohammed Ali: Bringing over three decades of experience as a veteran journalist and media strategist, Ali focuses heavily on digital media evolution and content diversification to cater to modern audiences. He holds a bachelor’s degree in English from Bayero University, Kano, a graduate degree in International Affairs from Ahmadu Bello University, Zaria, and a Postgraduate Diploma in Mass Communications from Bayero University, Kano.

In confirming these updates, the presidency urged both executives to maintain strong dedication to their organizational mandates while helping advance the federal administration’s policy objectives.

Continue Reading

Trending