CR Services Limited Private Placement

[lexy2lexy]

Does anybody have any update on CR Services Limited? is this company in existence? does it have a website? who are the clients currently using them?

[wanaj0]

Originally Posted by lexy2lexy

Does anybody have any update on CR Services Limited? is this company in existence? does it have a website? who are the clients currently using them?

Thought the PP was done last year. It should be completed by now. I think the offer document was posted here then. It was handled by IBTC.

[newton]

Its a start up firm, ibtc did the pp min of 100,000units, N16.5/share. The main issue was that accenture/uba/diamond decided to float a similar firm - Credit Bureau and got commitment from quite a number of banks to use their services.
Though the credit system in nigeria is still largely undeveloped

[Gengen]

Originally Posted by newton

Its a start up firm, ibtc did the pp min of 100,000units, N16.5/share. The main issue was that accenture/uba/diamond decided to float a similar firm - Credit Bureau and got commitment from quite a number of banks to use their services.
Though the credit system in nigeria is still largely undeveloped

The principle of Credit Bureau seems to be good idea. However, has CR Services Limited not been given a "serious upper cut" by these Heavy weights?
Can they match the name/financial muscle of Accenture/Uba/Diamond combined together?

Although this is not a statement of fact, maybe the "heavy weights" saw the potential of this idea in Nigeria and quickly set up theirs.

For the consumer, competition is good and bring out the best from both or others that will follow.