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Oando plans N500 billion share sale, other moves to address capital shortfall

Nigeria, Aug. 13 -- Oando Plc will head to the market any moment soon to raise half a trillion naira in fresh equity capital as part of a broader effort to reinvigorate operations after liabilities ju... Read More


AIICO Insurance, Jaiz Bank, Transcorp Power top stock pick this week

Nigeria, Aug. 11 -- Insurance stocks are the rave of the moment. The completion of a radical revamp of the sector, leading last week to the Nigerian Insurance Industry Reform Act, is profoundly boosti... Read More


Nigerian insurance stocks jump to peak level ever after new industry rules

Nigeria, Aug. 9 -- Nigerian insurance stocks swept to their highest level on Friday since the official record began after the adoption of new laws for the industry this week. PREMIUM TIMES observed t... Read More


Ecobank Group sells Mozambican subsidiary to Malawian lender

Nigeria, Aug. 5 -- Ecobank Transnational Incorporated agreed to offload its stake in its subsidiary in Mozambique to FDH Bank Plc, a lender based in Malawi and listed on the local bourse, the pan-Afri... Read More


Custodian Investment, Wema, NEM Insurance top stock pick this week

Nigeria, Aug. 4 -- Nigerian stocks recorded one of its sharpest weekly gains last week, adding 5.1 per cent, largely supported by strong half-year corporate results, which helped create positive senti... Read More