Lagos Government Debt Issuance Programme 3rd coupon payment (August 9, 2010) N50 billion Lagos State Fixed rate bond (Series 1)
The transaction parties to Lagos State Debt Issuance Programme have notified the Exchange that payment would be made on August 9, 2010. Consequently, the register of bondholders will be closed at 5pm on Monday, July 19, 2010 in compliance with the provisions of the ISA, all transactions which are undertaken on July 19, 2010 will qualify for the 3rd coupon payment.

ECOBANK Transnational Incorporated (ETI) Signs Landmark US$175 Capital Facilities with the IFC.
The bank has notified the exchange that it has signed landmark agreements of us$175 million in senior convertible, senior non-convertible and subordinated loans with the IFC on June 29, 2010. these loans are to provide eighteen Ecobank subsidiaries with additional capital to strengthen their balance sheets and boost competitiveness.
It will also allow ETI to continue to positively contribute to the African economy by increasing the levels of credit available to businesses and households and at the same time generate long-term value for its shareholders.

NSE Upgrade and PriceList
The Nigerian Stock Exchange (NSE) recently upgraded her ATS trading software. Consequently, in line with NSE's rule that a stock must trade 50,000 units before the share price can move on a particular trading day, the trading machine has been adjusted to only recognize prices of stocks that trade the minimum 50,000 units per tranche.
The impact of this is that some stocks may trade within the +/- 5% band but may not be reflected on the high or low price column of the pricelist, even if it is the highest or lowest traded price of the day, so long as the minimum trading volume requirement of 50,000 units is not executed on such trades.