Nigeria, Aug. 23 -- FCMB Group is turning to the market soon to source more cash in the second phase of the share sales that helped raise N147.5 billion from the public last year to further its recapi... Read More
Nigeria, Aug. 21 -- Beer maker Champion Breweries has agreed to buy all the brand assets and intellectual property of the range of products within the Bullet drink portfolio, the company disclosed on ... Read More
Nigeria, Aug. 18 -- Alain Nkontchou, a former chairman of Lome-based Ecobank Transnational Incorporated, acquired the 21.2 per cent interest held by Nedbank in the group, ending South Africa's fourth ... Read More
Nigeria, Aug. 18 -- Nigerian stocks went bearish for the first time in weeks last week as profit-taking set in, especially in the insurance sector, where equities that had recorded an abrupt price boo... Read More
Nigeria, Aug. 15 -- Palm oil giant Presco has said a takeover of local oil palm business Saro Oil Palm Limited is on the cards. The move follows a phased acquisition last year of Ghana Oil Palm Devel... Read More
Nigeria, Aug. 13 -- Friday's announcement of the emergence of T2 as the new brand and corporate identity of 9mobile leaves in its trail a legacy of turbulent operations and ownership struggles reachin... Read More
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
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
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
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