Union Bank, Seplat, Mutual Benefit, Julius Berger make stocks-to-watch list

December 28, 2021
News
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Faceoff between a company and its substantial investor, as well as sell off activities in the stock market are reasons to have Union Bank, Seplat, Mutual Benefit and Julius Berger on your stocks to watch list this week.

Gladtune Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken the pain to do that based on certain parameters in order to save you that hassle.

Kindly note that Ripples Nigeria Stocks Watchlist is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.

Union Bank

Union Bank is going into 2022 with a new owner, Tunde Lemo. The investment banker acquired the lender from Union Global Partners Ltd. (UGPL) after taking up 89.39 percent stake.

This acquisition will provide Union Bank with fresh capital to execute plans and new direction, as Lemo brings his experience leading Wem Bank and Flutterwave to the company.

The takeover will have a positive or negative impact on shareholders investment heading into the future, so Union Bank is one equity to watch out for in the capital market.

Seplat

There’s an ongoing confrontation between Seplat and one of its board members, Austin Avuru, who was also the former Chief Executive Officer of the oil and gas firm.

More than a year after writing a glowing statement upon his retirement as CEO, Seplat accused Avuru of violating the company’s policy and his fiduciary duties, hence his contract termination as board member

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