Nigeria
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African Alliance Insurance shareholders approve ₦12bn recapitalisation, including a convertible note
Extraordinary general meeting authorises private placement, rights issue, public offer or a zero-coupon convertible subordinated debt note.
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NASD Plc launches ₦12bn rights issue ahead of move to composite exchange
480 million shares at ₦25 each, four new shares for every five held; ₦8.17bn of net proceeds earmarked…
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MKH Properties signs ₦30bn commercial paper programme
Real estate developer’s programme was structured by Pathway Advisors; the company holds DataPro ratings of BBB+ long term…
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Blue Silks: what the ‘Senior Counsel of Nigeria’ title is, and what it is not
A privately registered body is conferring an SCN title on non-litigation lawyers and has named an international screening…
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NBA sets up electoral reform committee under Babatunde Ajibade SAN after disputed vote
The new president acknowledged that technical failures stopped some members voting in the 2026 election, while rejecting claims…
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All On investment closes Series C for PowerGen’s parent to fund Nigerian mini-grids
Co-investors include ElectriFI, Impact Fund Denmark, SEFA and InfraCo; target of 6,000 connections and up to 9MW.
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NBA Section on Legal Practice reports record ₦400m sponsorship and 2,100 paid members
The Section’s treasurer reported conference spending of about ₦260m, funds held across two banks and two asset managers,…
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NBA conference in Port Harcourt draws criticism over organisation and speaker choices
Monday Ubani SAN called the 2026 conference below par; former Liberian president George Weah told delegates the judiciary…
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Moneda raises ₦6bn in debut commercial paper, 20% above target
Series 1 under a ₦30bn programme was upsized from ₦5bn after 120% subscription.
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Federal Government closes ₦728.97bn Series 2 power sector bond for GenCo debts
Seven-year amortising bonds through an SPV, guaranteed by the Federal Government: ₦402bn to investors and ₦326.97bn issued to…
The Meridian Intelligence
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