MTN Group Ltd. (MTN), Africa’s largest wireless operator, appointed Irancell executive Ferdi Moolman as chief financial officer of the company’s Nigerian operations, succeeding Andrew Bing. Moolman will be replaced as chief operations officer of MTN Irancell by Mazen Mroue, head of MTN Uganda, the Johannesburg-based company said in an e-mailed […]
Author: InvestAdvocate
FCMB to Raise $300m for Consumer Lending
First City Monument Bank Group Plc (FCMB) said it plans to raise about $300 million of funding this year to boost consumer lending. FCMB, based in the commercial capital, Lagos, may consider issuing Eurobonds if market conditions are favorable, the bank’s Chief Executive Officer, Mr. Ladi Balogun informed Bloomberg. “Our […]
Delisting: Shareholders demand protection, more information
Some shareholders in the capital market have demanded better protection for investors in the country, following the disclosure by the Nigerian Stock Exchange that it is in the process of delisting 21 companies. The shareholders, who lamented that investors, especially domestic retail investors, always suffered significant losses whenever companies were […]